Kentucky’s application process for medical marijuana business licenses begins July 1, more than a year after the governor signed off on MMJ legislation.

The state has set an MMJ market launch date of Jan. 1, according to Louisville TV station WDRB.

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Kentucky will license four types of cannabis businesses:

Cultivator. Dispensary. Processor. Safety-compliance (testing) facility.

The state will issue 48 dispensary licenses.

In addition to submitting a detailed application, MMJ business applicants must show they have the necessary financial resources to launch a business.

For example, according to WDRB, applicants seeking to open a dispensary “must prove $150,000 of sufficient capital available, pay a $5,000 nonrefundable application fee, then a nonrefundable $30,000 initial licensing fee if granted.”

Licensees also face

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