On February 2, 2022 Governor Tate Reeves signed Mississippi’s medicinal cannabis bill and made it law. Under the new law, “certain patients who have debilitating medical conditions,” will be allowed to possess up to “three and one-half (3.5) grams of medical cannabis flower, One (1) gram of medical cannabis concentrate, or one hundred (100) milligrams of THC in an unfused product.” Mississippi officials are expected to start “accepting online license applications for patients, medical practitioners, cannabis cultivation facilities, and others by June 2022.” That leaves most prospective cannabis businesses with a short window to start planning for their applications.
Highlights from the law include multiple tier including micro-licensing for cultivation and processing facilities which allows for different market entry price points based on size. Another important aspect of the law is that vertical integration allows for one entity to grow, process and sell cannabis and cannabis products in up to five dispensaries.
The Countdown Begins
“After one hundred twenty (120) days from the effective date of this act (Feb 2, 2022), the MDOH shall begin licensing and registering cannabis cultivation facilities, cannabis processing facilities, cannabis testing facilities, cannabis research facilities, cannabis disposal entities and cannabis transportation entities. After one hundred fifty (150) days from the effective date of this act, the MDOR shall issue licenses for medical cannabis dispensaries as provided for in this chapter within thirty (30) days of receipt of the application from an applicant or within thirty (30) days after the initial one-hundred-fifty-day period, whichever is the later date.”
License Types and Costs
License Caps
No individual or business entity shall have a direct or indirect ownership or economic interest of greater than ten percent (10%) in:
Vertical integration therefore looks like one cultivation combined with one processing license and up to five dispensaries. There are no numerical limits to the licenses.
Qualifications
An individual applicant for a cannabis cultivation facility, cannabis processing facility, medical cannabis dispensary, medical cannabis transportation entity or medical cannabis disposal license shall be a natural person who:
Applicants for cannabis cultivation facility licenses and cannabis processing facility licenses also have resident requirements to meet:
Eric Postow currently serves as a Managing Partner at Holon Law Partners, where he also assumes the role of Chief Strategy Officer. Prior to founding Holon Law Partners, Eric played a pivotal role in establishing and co-chairing a national cannabis practice group at Parlatore Law Group. During his tenure there, he garnered a reputation as a perceptive business attorney and a flexible strategist.
Eric’s extensive expertise has positioned him as a recognized national authority in furnishing strategic legal guidance to cannabis and hemp businesses throughout the United States. With a focus on serving as general counsel to regulated industries, Eric adeptly addresses the intricate and diverse legal needs of his clients.
His legal licensure extends to Virginia, enabling Eric to provide legal representation to clients in federal courts across the nation. In addition to his legal pursuits, Eric leverages his platform to engage in nationwide advocacy efforts. He leads pivotal industry conversations through his podcast, “Above the Haze,” shedding light on significant subjects within the field.
Notably, Eric is an active member of prominent organizations, including the NAACP, the International Cannabis Bar Association, NORML, and the Virginia State Bar. Residing in Northern Virginia with his wife Brittany, and their children Max, Zevi, and Sela, Eric remains deeply engaged in both his professional and personal spheres.
For inquiries, Eric can be contacted at [email protected] or 703.214.2003.
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