skip to Main Content
Missouri starts revoking marijuana business permits at companies that didn’t meet operating deadline

Missouri health authorities recently began revoking a handful of medical marijuana business permits after most of the state’s would-be cannabis companies weren’t ready to open for business roughly a year after winning the licenses, which would allow them to grow and sell the plant for lawful patients provided they met their “commencement” deadlines.

Many of Missouri’s cannabis companies got extensions on their operating deadline, the News-Leader reported last month. A trade association representative said most companies cited problems stemming from the COVID-19 pandemic and the inevitable hurdles involved in raising capital for an industry that’s mostly prohibited from using the regular banking system due to marijuana’s federal status as a controlled substance.

But not every company got an extension, and getting one doesn’t mean Missouri companies have all the time they want to get their marijuana businesses through “commencement inspection” and ready to open up, officials with the Missouri Department of Health and Senior Services told the News-Leader late Monday night.

“Revocations for failure to pass a commencement inspection within the required timeframe may yet be issued for any of the facilities that have received an extension of the original deadline or whose extension requests are still pending,” medical marijuana regulators in Jefferson City said, in a statement relayed through a spokesperson. [Read more at Springfield News-Leader]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.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

Recent Stories

Kentucky’s Medical Cannabis Program Undergoes Dramatic Transformation: Navigating HB 829 and the Emergency Licensing Regulations

By Hannah King and Arin Aragona Plans for Kentucky’s medical cannabis program took a significant turn last week with the passage of House Bill 829 and the implementation of emergency…

Cannabis in Court: When Federal Courts Will Hear Commercial Disputes Related to the Cannabis Business

By Steven Ascher and Anna M.Windemuth The unique status of the cannabis business —  legal in a majority of states, but still illegal under federal law — creates a thorny…

Patchwork Regulation of CBD Products Continues Despite Rise in Demand

By Courtney A. Hunter and Jessalyn H. Zeigler Demand for cannabidiol (CBD) products continues to climb, and the market has risen to the occasion. There is now a robust array…

How Private Equity Trumped Social Equity in State Cannabis Deal

Confidential documents obtained by THE CITY reveal how Chicago Atlantic Group became one of the biggest beneficiaries of the state’s legalization program. Last June, Gov. Kathy Hochul announced that a…

More Categories

Back To Top
×Close search
Search