According to state reports, Utah’s 6-month-old medical cannabis program has exceeded sales and patient enrollment. In fact, the large enrollment numbers have sparked product shortages that are boosting business opportunities for licensed cultivators. The state already has hit the 10,000 milestone for registered patients, six months ahead of projections, state officials told the Deseret News in Salt Lake City. Between the program’s March 2 launch and Aug. 31, MMJ sales totaled $8 million. Monthly sales now exceed $2 million according to state data. Currently; Utah’s MMJ program on pace to generate about $25 million in sales on an annualized basis. The strong sales, meanwhile, are benefiting the six dispensaries, called pharmacies, that have opened. Utah law allows only 14 to operate. However, many residents are still experiencing difficulties finding physicians willing to recommend MMJ due to the cost of doctors.
Marijuana Business Daily, 09/28/2020 14:16:11