Missouri regulators on Monday revoked another 25 marijuana microbusiness licenses earmarked for social equity applicants.
The Missouri Division of Cannabis Regulation (DCR) has now rescinded more than a third – 34 of 96 – of the total microbusiness licenses it has issued since fall 2023, according to the Missouri Independent nonprofit news agency.
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In the latest revocations, 24 applicants failed to show the license was majority-owned and operated by eligible individuals, according to a notice posted by the Missouri Department of Health and Senior Services.
A 25th permit was revoked because the licensee had a disqualifying felony offense.
Microbusiness applicants must claim at least one of the following eligibility requirements on their application:
Net worth of less than $250,000 or income
Read full article on Marijuana Business Daily
