Small business interest in Missouri’s healthcare marijuana system remains sturdy, with the state getting extra than 400 applications for retail, cultivation and processor licenses.
The state reported that 418 company application types have been filed, creating extra than $three million in “pre-license” costs for the state. The state began taking the types final month.
The breakdown in license interest: 226 dispensaries, 128 cultivators, 64 processors.
The MMJ initiative authorized by voters in November delivers for robust company possibilities.
The measure named for no fewer than 192 dispensaries (at least 24 for every single of eight congressional districts), at least 1 grower per 100,000 inhabitants (or about 60), and at least 1 processor per 70,000 inhabitants (or 85 primarily based on a population of roughly six million).
Missouri regulators are not anticipated to begin taking into consideration the applications till late this summer time, and concerns exist about whether or not the pre-licensing costs are as well higher for entrepreneurs, Columbia Television station KMIZ reported.
To study extra about that concern, click right here.