Cannabis Business in Wyoming

As of 2024, marijuana remains illegal for recreational and medical purposes in Wyoming. Despite surrounding states such as Montana and Colorado embracing legalized cannabis, Wyoming maintains its stance against its use. A 2020 survey by the University of Wyoming revealed that a significant number of residents are shifting their views on marijuana legalization, demonstrating a potential opportunity for future discussions surrounding cannabis policy reform.

CBD in Wyoming

In contrast to marijuana, hemp-derived CBD oil is legal in the state, thanks to the 2018 Farm Bill and Wyoming's House Bill 171 enacted in 2019. This legislation permits Wyoming residents aged 18 and above to possess and use CBD products containing less than 0.3% THC. Notably, the state does not impose possession limits on hemp-derived CBD. CBD products are readily available for purchase from various retailers, including dispensaries, wellness centers, and online stores.

Hemp in Wyoming

Wyoming embraced hemp cultivation following the 2014 Farm Bill, initially allowing it for research under House Bill 230. The subsequent 2018 Farm Bill and Wyoming's 2019 HB 171 expanded hemp legalization, aligning state regulations with federal guidelines. The Wyoming Department of Agriculture (WDA) oversees hemp cultivation and processing.

Wyoming Cannabis Business Landscape

Currently, the only viable cannabis business in Wyoming is centered around the production and sale of hemp-derived products with less than 0.3% THC. This creates a limited market compared to states that have embraced medical or recreational marijuana. However, the shifting public opinion towards marijuana legalization suggests potential future opportunities for those interested in a cannabis business or looking for a cannabis business for sale. For entrepreneurs interested in the hemp sector, Wyoming offers a regulated framework for cultivation and processing.

Wyoming Cannabis Business Licenses

The WDA is the governing body for hemp businesses in Wyoming. Individuals or entities interested in growing or processing hemp are required to secure the appropriate licenses:

• Hemp Producer License: This license is mandatory for cultivating hemp in Wyoming.
• Hemp Processor License: This license allows businesses to process hemp-derived products within the state.

To obtain these licenses, applicants must meet specific requirements, including:

• Age 18 or older and no prior felony convictions related to controlled substances within the past decade.
• Submission of a completed Hemp License Application Form, along with supporting documentation, including photo identification, proof of business registration, aerial maps of cultivation sites, criminal history reports, and a statement outlining intended hemp usage.

The application fee is $750 for individuals and businesses, with a reduced fee of $500 for non-profit and educational organizations. The WDA provides both paper and online application options. It is important to note that retailers selling CBD products in Wyoming are not required to obtain a separate license. They must, however, adhere to labeling regulations consistent with the Federal Food, Drug, and Cosmetic Act (FCDA).