North Dakota Cannabis Real Estate & Regulations
Zoned Properties in North Dakota
Population:
774,948 (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
8 (As of June 2023)
Licensing Status:
Awarded licenses in 2019 (Medical Cannabis)
Legal Status:
Recreational
Cannabis Sales:
$41.5 million (Medical Marijuana Gross Sales since Legalization)
License Dynamic:
Limited
Delivery Allowed:
No
Drive Thru Allowed:
No
Secure North Dakota’s Finest Compliant Zones For Cannabis Operations Today!
Save yourself the frustration of sifting through endless zoning codes and GIS software in search of compliant Cannabis real estate properties. Work with experts to identify the most profitable, business-friendly locations to establish a Cannabis business in North Dakota.
Don’t fall into the trap of investing in Cannabis real estate properties that may leave your business vulnerable to severe consequences from state and local governments over zoning misconduct. Let us help you secure properties that guarantee peace of mind.
Here’s a list of services we provide:
Site Identification
We will help you identify the most promising Cannabis real estate properties, saving you the worry of buying into properties non-compliant with state and local laws.
Brokerage
Whether you’re buying, selling, leasing, or investing, our Cannabis real estate brokers will connect you with valuable, compliant Cannabis properties within North Dakota. We streamline the process for you.
Investment
Our site ID and brokerage services give us access to high-yield investment options tailored to your goals. We analyze market trends, assess risks, and identify the best properties to help you maximize your investment.
Ready To Invest In Cannabis Real Estate In ND?
Although adult-use Cannabis has not been legalized in North Dakota, there are ongoing efforts to ensure that. In the near future, as awareness and community acceptance grow, it is expected that recreational Cannabis will become legal in the state.
While the legalization process is still underway, it is only wise to start investing in Cannabis real estate properties in preparation. Let’s save you the time, stress, and financial requirements of locating these properties yourself. Work with us to find compliant zones in North Dakota today!
North Dakota Cannabis Regulations
State Cannabis Overview: North Dakota legalized medical Marijuana through a voter-approved measure in November 2016. However, sales did not start until 2019, when the first few licenses were approved. To date, only ten licenses have been issued, eight being dispensaries and the remaining two manufacturing facilities.
There has been a consistent increase in medical Marijuana sales in North Dakota, reaching an all-time high of $19.97 million in the 2022 fiscal year. This exceeds the market projections of $13 million in 2023 and $19 million by 2025.
Licensing: The State Department of Health in North Dakota oversees the licensing and regulation of medical marijuana businesses and is issuing Cannabis business licenses, including cultivation, manufacturing, laboratory, and dispensing (compassion center).
Local Authority: Local authorities play a significant role in shaping and regulating the cannabis market in North Dakota. While the state has legalized medical marijuana, it allows local governments to have some control over certain aspects of the industry within their jurisdictions. Municipalities have the power to:
- Regulate zoning and land use
- Tax Cannabis business
- Regulate public consumption
- Temporarily or permanently ban Cannabis businesses.
Let’s help you achieve peace of mind as you buy into profitable real estate properties in ND. Send us a message today! Or call: 18773608839
Median Age: 35.2
Median Income: $36,316
Regulations last updated as of: August 2023
Have any Questions?
What is the size of the North Dakota cannabis market?
The Cannabis market in North Dakota is relatively new and is only active for Medical Marijuana. The state has an overall population of slightly above 700 thousand, with only four licensed Cannabis businesses so far operating in ten locations. Some of these businesses include Curaleaf, Pure Dakota Health, We-Mend, and Grassroots Cannabis.
The state has made a total sale of $41.5 million since the first sales launched in 2019, peaking at $19.97 in the 2022 fiscal year. The market is expected to grow even further as it has currently exceeded the market projections made in 2018.
How much is a dispensary license in North Dakota?
North Dakota charges a non-refundable application fee of $5,000 and a license fee of $90,000, one of the country’s most expensive. However, no new license applications are being accepted at the moment.
How many cannabis licenses are there in North Dakota?
There are currently ten Cannabis licenses in North Dakota shared among four companies. Eight of those licenses are for dispensaries (compassion centers), and two are for manufacturing facilities. Curaleaf owns four (dispensaries), Pure Dakota Health manages three dispensaries and one manufacturing facility, We-Mend manages one dispensary, and Grassroots Cannabis operates one manufacturing facility.
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Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://en.wikipedia.org/wiki/Cannabis_in_North_Dakota
https://northdakotacannabis.org/business
https://www.viridiansciences.com/blog/north-dakota-cannabis-regulations-license-applications-forms-links-and-other-resources#:~:text=In%20May%202018%2C%20Pure%20Dakota,for%20medical%20cannabis%20dispensary%20licenses.
https://www.hhs.nd.gov/sites/www/files/documents/DOH%20Legacy/MM/Fiscal-Year-2022-MM-report.pdf (Number of licenses and sales)
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