West Virginia will soon be the home to a medical cannabis dispensaries as the West Virginia Office of Medical Cannabis recently issued medical dispensary permits for various locations throughout the state.
Columbia Care – one of the largest multi-state operators in the cannabis industry – was awarded the permits to operate the five retail dispensaries in Beckley, Fayetteville, Morgantown, St. Albans and Williamstown.
The company says it will take time to get the West Virginia program up and running, however, it hopes to operate six dispensaries throughout the state if regulatory approval is awarded.
“We operate in 18 U.S. markets and on a lot of the east coast, so our entry into West Virginia was just natural for us,” says Adam Goers, Vice President of Corporate Affairs for Columbia Care.
“When we grow this market to its full potential, it may be between 100,000 and 150,000 registered patients in West Virginia seeking medical cannabis for a medical condition,” Goers told the Register-Herald, adding that the dispensaries could amass an estimated $200 to $300 million a year in sales.
Goers says every new market takes time to ramp up, as they they have to build out the