Delaware is soon to open for cannabis retail licenses in the near future
CannDev in Delaware
Delaware became the 22nd state in the USA to legalize recreational marijuana in April 2023.
Applications are looking to open May 2024 and the state will grant 30 total retail licenses – 15 for social equity, and 15 general.
It’s looking like real estate will be required to apply in this market, however application materials and procedures are yet to be released.
CannDev is working hard to evaluate this market and locate the best jurisdictions for retailers to operate in. We will soon be securing compliant retail real estate locations and will be sharing them with groups looking to apply in this market.
Please sign up for our Off Market Deals to be included in our alerts where you can get first look at new real estate opportunities in Delaware.
Cities in Delaware can ban cannabis within their limits through an ordinance or measure, can set cap to number of licenses in city limit. We are yet to discover the full list of opt out markets.
However, the following beach towns that have banned cannabis:
- Dewey Beach
- Rehoboth Beach
- Bethany Beach
- Ocean View
- Fenwick Island
Applications are set to open May 2024, with winners due to be announced before the end of the year.
The state will be looking to award 30 total retail licenses – 15 for social equity, and 15 general.
We are still awaiting the full application procedures to be announced and are expecting them to be released early 2024.
This information is not yet available.
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