Updated Marijuana Dispensary NAICS Code
Every five years, the North American Industry Classification System (NAICS) updates codes used by Federal statistical agencies in classifying business establishments for collecting, analyzing and publishing the statistical data related to the U.S. business economy. For 2022, the NAICS code applicable to dispensaries (453998) was replaced with 459991. This new code includes cigar stores, vape shops, marijuana stores (medical or recreational) and other similar establishments. This updated NAICS code is another acknowledgement from the Federal government of the legal cannabis industry across the U.S.
For those interested in opening a medical cannabis dispensary in Mississippi, you must register with the Mississippi Secretary of State. When doing so, you must use the correct and applicable NAICS code. Keep the updated dispensary code in mind when registering your Mississippi medical cannabis dispensary.
If you have any questions about how this development could affect you, please contact HAT LAW’s Medical Cannabis Legal Team.
Julie Mitchell, J.D., L.L.M., firstname.lastname@example.org, 601-707-4039