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Utah Cannabis License Solutions
The Cannabis License Experts (or CLE) experienced team will help you to get your Utah cannabis license faster and with an unmatched success rate. Having to repeat your Utah Cannabis License application process will set your business back by months and significantly impact your earnings potential. Let us show you how we’ll help you on your path to a Utah Cannabis License and much more by booking your free consultation today.
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Market Overview - Utah Cannabis License
Utah Cannabis presents a promising medical market with no lack of oversight from State Departments and a strong emphasis on the Department of Health and Pharmacy. Given the heavy religious influence in all State operations from the LDS community, this Utah Cannabis market presents as somewhat challenging for out of state applicants. In March 2020, Utah Cannabis launched its medical cannabis program with about 40,000 registered medical cardholders and more than 800 medical recommendations. Originally passed by voter approval, the Utah Medical Cannabis Act was quickly replaced with a “compromise” bill which imposed additional oversight and restrictions for the Utah Cannabis market. With limited Utah Cannabis license numbers and few out of state operators, Utah's medical cannabis marketplace is dominated by local and state operators.
Book a free consultation today to learn more about how Cannabis License Experts can assist you and your team on your path to dominating the Utah Cannabis market..
Book a free consultation today to learn more about how Cannabis License Experts can assist you and your team on your path to dominating the Utah Cannabis market..
Licensing Requirements, Timelines, and Selection for your Utah Cannabis License
To obtain a marijuana business license, applicants are required to submit, at a minimum:
- Business Plan
- Financial Plan
- Processing Plan
- Inventory Control Plan
- Security Plan
- Record Keeping Plan
Utah Cannabis License applications are evaluated and scored by a committee based on several criteria such as experience in Utah medical cannabis, disciplinary action, and a strategic plan with a high likelihood of success. The process is highly competitive. There is a total limit of fifteen (15) medical Utah cannabis cultivation licenses allowed within the state of Utah and the state was required to license no less than 5 cultivation licenses. Currently eight (8) Utah cannabis cultivators have been approved to cultivate medical cannabis in Utah. The state has imposed restrictions on the format edibles can be prepared in, limiting the product selection in the state. Furthermore, smoking cannabis is not allowed in Utah and can only be vaped. Additional Requirements include Performance and Surety Bonds between $150,000 - $250,000 to transact business in the state. Utah Cannabis Licensing is overseen by the Utah Department of Health, Center for Medical Cannabis.
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Financial Requirements & the Utah Cannabis Market
Common for most jurisdictions as a mandatory component of the Utah Cannabis application is the requirement for a minimum amount of liquid cash on hand. This ensures that the Utah Cannabis applicants have the financial wherewithal from the Utah Cannabis licensing process through to the initial 2-5 years of operation. A $10,000 non-refundable Utah Cannabis application fee is required with application submission. If a Utah Cannabis license is awarded, the successful Utah cannabis cultivation facility will be required to pay a $100,000 licensing fee.
Utah Cannabis License Types
- Utah Medical Cannabis Cultivation
- Utah Medical Cannabis Processor
- Utah Medical Cannabis Pharmacy (Dispensary)
Note: There are currently fourteen (14) medical Utah cannabis dispensaries within the state. The state awarded all fourteen (14) dispensary licenses in January 2020 and is no longer accepting applications to license additional Utah cannabis dispensaries.
| # of Utah Cannabis Licenses by license type | ||
|---|---|---|
| Utah Medical Cannabis Cultivation: | 15 | |
| Utah Medical Cannabis Processor: | 11 | |
| Utah Medical Cannabis Pharmacy (Dispensary): | 3,735 | |
| Basic Demographic Information | ||
| Resources include the US Census Bureau, City-Data.com, and any additional relevant resources. | ||
| Total # of Counties | 29 | |
| Total # of Cities | 326 | |
| Population in 2019 | 2,00,567 | |
City of Salt Lake
33
Median Age
$70K
Medial Income
$470K
Median Home Price
$1060/Month
Fair Market Rent
City of Ogden
341
Median Age
$60K
Medical Income
$210K
Median Home Price
$911M
Fair Market Rent
87,773
Country Population in 2019
Business Climate
Overall, the majority of the state has embraced the formal legalization of Utah cannabis for both medical and recreational use. Although licensing is not currently available, it is expected that Utah’s medical cannabis program will expand as the patient count in the state continues to rise.
Forbes has named Utah the Best State for Business eight of the last nine years, including the No. 1 ranking again for 2018. Utah scores well across the board, with particularly high marks for its regulatory climate and growth prospects. The state consistently tops the national list for its booming economy and is number 1 in a list of 10 states with the biggest growths in GDP, or gross domestic product, a standard measure of value added created through the production of goods and services.
Forbes has named Utah the Best State for Business eight of the last nine years, including the No. 1 ranking again for 2018. Utah scores well across the board, with particularly high marks for its regulatory climate and growth prospects. The state consistently tops the national list for its booming economy and is number 1 in a list of 10 states with the biggest growths in GDP, or gross domestic product, a standard measure of value added created through the production of goods and services.
Real Estate & Zoning
Consideration for regional and local zoning with regard to allowed proximity to certain business types, schools, and other prohibited areas. Adherence to all Land Use and zoning laws applies. Utah cannabis regulations require all Utah cannabis license types to adhere to local zoning, most production facilities would be located in industrial or agricultural zoning with certain Utah cannabis license types being allowed to locate in commercial zones. Local municipalities can require additional zoning requirements but cannot ban the operation of a cannabis production establishment outright.
City of Provo
24
Median Age
$54K
Medical Income
$336K
Median Home Price
$913M
Fair Market Rent
116,618
Country Population in 2019
One-Stop Business Solutions Provider
When you partner with CLE, you are able to leverage our proven knowledge and best industry resources to provide you a complete Cannabis Business Solution.
- LICENSING
- REAL ESTATE SEARCH
- DESIGN & BUILD
- SECURITY
- DIGITAL MARKETING & DEVELOPMENT
- EQUIPMENT TENDERING
- INTELLECTUAL PROPERTY PROTECTION
- Banking & Insurance
- Merger & Acquisitions
- Private Label Manufacturing
- Micro-Grow Franchising
- Human Resources
Frequently Asked Questions
What is commercial cannabis cultivation and processing?
Cannabis cultivation is the process of growing cannabis within a regulated environment for the consumption via a medical or adult-use cannabis program. Generally cultivation refers to the agricultural activities associated with the propagation and growing of cannabis. Cannabis processing is when you manufacture finished cannabis products, packaging of dried flowers or manufacture and package cannabis-based products (i.e. extracts, edibles, and topicals). To be able to produce cannabis and cannabis derived products commercially a specific license is required, requirements depend on the state in which you are locating this business.
How much will I need to spend for a cannabis cultivation license and facility?
The fees for a cannabis cultivation license vary greatly depending on the state in which the facility is to be located. Utah’s non-refundable license application fee is $10,000 and the annual licensing fee is $100,000. Additionally, a $100,000 surety bond was required at the time of applying for a cultivation license to be considered for licensure. Also facility build out costs vary greatly depending on the type of cannabis cultivation facility (indoor, mixed-light green house, outdoor). Depending on the facility type a cultivation facility can range from 2 million to 20 million dollars.
How do you get a cultivation license in Utah?
Currently the application process for medical cannabis cultivation is closed and it is unclear when additional licenses will become available. Currently, Utah has 8 medical cannabis cultivators servicing its medical cannabis program.
Can I use my Utah medical cannabis card in other states?
Every state that has a medical cannabis program has its own laws governing reciprocity in regards to using an out of state medical marijuana card. Some states will allow you to possess your own medical cannabis while others allow you to use your out of state medical card to purchase at their dispensaries. Utah does recognize out of state card holders as long as they meet one of the required conditions to qualify as a medical cannabis patient.
What are the approved forms of medical cannabis in Utah?
The permitted forms of medical cannabis in Utah are:
- Concentrated Oils
- Cannabis flower (packaging restrictions)
- Wax/Resin
- Vaping devices
- Transdermal patch, gels
- Liquid suspension
- Capsules
- Tablets
- Gelatinous Cube
Don't Know Where To Begin? Get Started Now
Applying for a Utah cannabis facility license and unsure where to start?
Utah medical cannabis license applications are not currently being accepted however as the state continues the program it is likely that future licensing opportunities will become available. Cannabis License Experts can help you to be prepared for this process by developing a preliminary business and feasibility plan to help give an understanding of business viability within the\Utah Cannabis market.
In order to get started, reach out to one of our regulatory experts today to learn more about Cannabis Business Solutions.
