skip to Main Content
Missouri will license all marijuana businesses by Feb. 1, officials say

Missouri let hundreds of business groups know Thursday when they’ll find out whether they won one of the limited number of state licenses to grow, process and sell marijuana for medical use. 

The first licenses — for 10 facilities that will test marijuana products — will be awarded “approximately” Dec. 19, and all businesses will have been licensed by Feb. 1, according to the Department of Health and Senior Services, the agency tasked with regulating medical marijuana

Missouri became the 33rd state to legalize marijuana for medicinal purposes after 65% of voters in November 2018 approved Amendment 2, starting a stampede of business owners looking to capitalize on the new market, which is expected to top more than $100 million in sales by 2025. Sales are expected to begin as early as spring. 

The state raked in a total of more than $13 million in nonrefundable fees from 2,163 marijuana business applications filed by at least 700 different groups. But Missouri will issue just 60 licenses to grow pot, 86 to make marijuana-infused products and 192 to open dispensaries — a maximum of 24 in each of Missouri’s eight congressional districts. The state contracted with a company to score applications in a blind process and then issue licenses to the top scorers by the end of the year. [Read More @ St. Louis Post-Dispatch]

 

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

New Hampshire House Committee rejects bills to legalize marijuana

The New Hampshire House Criminal Justice Committee rejected proposals Wednesday that would legalize and tax marijuana, and allow people to cultivate up to six plants per household. The votes mostly fell along party lines, with Republicans opposed and Democrats in favor. “There is a version of recreational cannabis I will support,” Committee Chairman Darryl Abbas,…

Who will control legal marijuana sales in N.J.? Local players or big companies?

Manuel Caban is a lifelong Camden, New Jersey, resident who was arrested twice for marijuana offenses and a decade ago spent 30 days and then a year in prison for dealing. That, he figures, makes him an ideal candidate for a license to sell cannabis now that New Jersey has legalized it with a focus…

Mississippi legislators revising medical marijuana proposal

Mississippi lawmakers are tweaking a proposal to create a medical marijuana program, but Republican Gov. Tate Reeves has not said when he will call a special session to put it into law. A new version of a bill would allow larger growing facilities, restructure the excise tax on medical marijuana products and limit the state Agriculture…

With export restrictions eased, Colombia’s medical cannabis business is poised for liftoff

When Beatriz Porras was studying agronomy at university in Tunja, Colombia, she thought her career would lead to growing coffee, like her parents, or flowers, the traditional agricultural staples for the country’s export market. Back then, growing marijuana was illegal, and security forces targeted plantations with forced eradication campaigns aimed at stemming illicit trafficking. Five…

More Categories

Back To Top
×Close search
Search