Delaware Officials Receive More Than 1,200 Applications For Marijuana Business Licenses, ‘Substantially’ More Than Expected Ahead Of Market Launch ⋆ Patriots Hemp

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Delaware Officials Receive More Than 1,200 Applications For Marijuana Business Licenses, ‘Substantially’ More Than Expected Ahead Of Market Launch

Delaware Officials Receive More Than 1,200 Applications For Marijuana Business Licenses, ‘Substantially’ More Than Expected Ahead Of Market Launch

Delaware officials say they have received more than 1,200 applications for marijuana business licenses ahead of a lottery for retailers—which is “substantially” more than they anticipated after opening up the application window in August.

From August 19 to September 30, the Office of the Marijuana Commissioner (OMC) took in 1,269 paid license applications, with fees totaling about $4.1 million. The first licensing lottery for retailers is set to take place on October 24.

“For three of the license categories—Open Testing Lab, Social Equity Testing Lab, and Micro Manufacturing Licenses for Sussex County—the number of applications received matched or fell below the available licenses in those categories; therefore, no lottery will be required,” OMC said.

Due to the “significant interest” in retail licenses, however, the office said it will “conduct a separate lottery for all Retail licenses and any other license categories not reviewed in time for the first lottery in October. This lottery phase is tentatively scheduled for late November or early December.”

A total of 125 licenses will ultimately be issued, including 30 retailers, 60 cultivators, 30 manufacturers and five testing labs. Earlier this month, regulators also detailed what portion of each category is reserved for social equity applicants,

Read full article on Marijuana Moment



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