(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)
Jesse Alderman (Photo courtesy of Foley Hoag)
With the passage of Senate Bill 47, which legalized medical cannabis in the state, Kentucky is now on its way to becoming America’s next MMJ market.
The success of Kentucky’s market will significantly depend on the state’s licensing process; the application submission period opened July 1 and closes Aug. 31.
Kentucky’s licensing rules limit the total number of permits available statewide, potentially avoiding the negative economic effects associated with unlimited licensing too early in a market’s development, such as depressed prices and oversaturation.
ADVERTISEMENT
Preparing for market
Although its effective date is not until Jan. 1, 2025, the Kentucky Medical Cannabis
Read full article on Marijuana Business Daily
