Utah Cannabis Real Estate & Regulations
Zoned Properties in Utah
Population:
3.338 million (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
14 (Medical Cannabis Dispensaries)
Licensing Status:
Awarded licenses in 2020
Legal Status:
Recreational
Cannabis Sales:
$193.5 (Medical Cannabis Sales Since Legalization Up To 2022 FY)
License Dynamic:
Limited
Delivery Allowed:
No
Drive Thru Allowed:
No
Let’s Connect You With Business-Friendly, Compliant Zones In Utah!
Are you looking to invest in Cannabis real estate in Utah? Are you feeling frustrated by the local zoning restrictions? Are you unsure of the business-friendliness of the locations you’ve found? Do you want properties that have been thoroughly vetted for compliance and business-friendliness? Zoned Properties is the pro to call.
For years, we have worked with countless Cannabis businesses and investors to buy, sell, lease, or invest in Cannabis real estate. We understand the frustration of sifting through endless zoning codes and GIS software, and we’re here to streamline that process for you.
By partnering with us, you can access our vast network, cutting-edge market insights, and unparalleled knowledge of local regulations and zoning laws. Our experienced professionals will work closely with you to identify high-potential opportunities and develop a tailored investment strategy that maximizes returns while mitigating risks.
Site Identification
Leveraging our extensive network and expertise, we identify prime locations compliant with all legal requirements and possess the necessary infrastructure to support successful cannabis operations. With our guidance, you can secure strategically located properties with long-term growth potential and maximize profitability.
Brokerage
Our skilled team of professionals possesses in-depth knowledge of the market dynamics, property valuations, and deal structuring within the cannabis industry. We will connect you with buyers, sellers, lessees, and lessors, offering the best deals.
Investment
Whether you are interested in acquisition, development, or redevelopment, we offer a range of investment options tailored to your specific goals. With our strategic guidance and comprehensive support, you can confidently enter the cannabis real estate market and unlock substantial value.
Ready To Invest In Cannabis Real Estate In UT?
Don’t miss out on the unparalleled opportunities available in the rapidly expanding cannabis industry—partner with Zoned Properties to gain a competitive edge in this dynamic market. Contact us today to explore the potential for lucrative investments, and let us help you navigate the profitable world of cannabis real estate with confidence. Send us a message today!
Utah Cannabis Regulations
State Cannabis Overview: Utah legalized medical cannabis through the passage of Senate Bill 259, the Utah Medical Cannabis Act, in 2018. The law allows patients with qualifying medical conditions to access medical cannabis products. However, Utah has maintained strict regulations, including limitations on the types of cannabis products available and a prohibition on smoking cannabis flowers.
Licensing: The Utah Department of Agriculture and Food (UDAF) oversees the licensing and regulation of cannabis cultivation, processing, and manufacturing facilities. Dispensaries, on the other hand, are regulated by the Utah Department of Health. Both agencies have implemented strict guidelines to ensure product safety, security, and compliance with state laws.
The state offers four types of Cannabis licenses, including the following::
- Medical Cannabis cultivation license
- Medical Cannabis processor
- Medical Cannabis dispensary (pharmacy)
- Medical Cannabis testing facilities
Local Authority: Utah’s cannabis regulations emphasize adherence to all land use and zoning laws. Cannabis businesses must comply with local zoning regulations in addition to state-level rules.
Zoning requirements may vary depending on the municipality, but generally, production facilities are likely to be located in industrial or agricultural zoning areas. However, certain types of cannabis licenses may also be permitted in commercial zones.
We can help you identify the most profitable and compliant areas to establish a Cannabis business in Utah. Send us a message today! Or call: 18773608839
Median Age: 31.1 years
Median Income: $31,855
Regulations last updated as of: August 2023
Have any Questions?
How many retail cannabis licenses are there in Utah?
There are currently 14 retail Cannabis licenses in Utah, all of which were issued in 2020. The state has paused license applications, and nothing has been heard to date about whether it would resume or not. All fourteen licenses were distributed among ten companies, including Curaleaf, Blom Medicinals, and Columbia Care.
How big is the Cannabis Market in Utah?
Utah is a relatively new Cannabis market in the US, only kicking off medical Marijuana Sales in 2020. The state only has 14 licensed Cannabis dispensaries across 14 of its 29 counties. However, regarding net sales of medical Cannabis, the state of Utah can be put up there with some of the older markets.
The state recorded $74.8 million in Cannabis sales in 2021 and $118.7 million in 2022, growing up to 59% in one year. The market is projected to grow to $139 million by the end of the 2023 fiscal year.
Which state sells the most cannabis?
California is widely regarded as the state with the largest cannabis market in the U.S. California’s market benefited from its early adoption of medical cannabis laws in 1996 and the subsequent legalization of adult-use or recreational cannabis in 2016. The state’s large population, established infrastructure, and progressive regulatory framework contributed to its significant market size.
Other states with notable cannabis markets include Colorado, Washington, and Oregon, which were among the first states to legalize recreational cannabis.
Still have questions? Contact us
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://cannabislicenseexperts.com/utah-cannabis-licensing-solutions/ (Number of licenses)
https://medicalcannabis.utah.gov/production/labs/
https://en.wikipedia.org/wiki/Cannabis_in_Utah
https://mjbizdaily.com/medical-marijuana-sales-begin-in-utah/ (Number of licenses)
https://mjbizdaily.com/utah-medical-marijuana-sales-up-nearly-60-percent-in-2022/#:~:text=Medical%20cannabis%20sales%20in%20Utah,data%20published%20by%20the%20center. (Number of sales)
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