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Kentucky receives nearly 5,000 medical marijuana license applications

Kentucky receives nearly 5,000 medical marijuana license applications

Kentucky’s Office of Medical Cannabis received 4,998 applications for medical marijuana business permits and collected more than $27 million in licensing fees in July and August.

The office received nearly half the applications in the last four days before the Aug. 31 deadline.

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Nearly 4,100 of the applications were for the 48 available MMJ dispensary licenses.

The remainder of the applications were for cultivator, processor or safety compliance facilities.

Initial application fees, which are not refundable, ranged from $3,000 to $20,000.

Licenses, expected to be issued this year, will be awarded through an October lottery to applicants that clear the screening process.

The MMJ program is set to launch in 2025.

Some are worried that cannabis multistate operators are stacking applications to improve their

Read full article on Marijuana Business Daily



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