“The most important protection for Missouri’s newest cannabis entrepreneurs may not be another rule. It may be knowing when not to sign.”
By Adrian A. Holguin, CannaShark Consulting via Missouri Independent
Missouri drew its final round of marijuana microbusiness applicants on September 9. The state received 888 applications and expects to issue approximately 77 licenses beginning in December.
I want to write about the months in between, because I work in the trade that operates in them.
I am a consultant. I run licensing, compliance and operations work for cannabis operators, and I have sat across the table from first-time licensees more times than I can count. When the state put new microbusiness rules in place in May, I did not read them as an attack on the trade. I read them as rules aimed at the right problem that stop just short of solving it.
The rules are good ones. They spell out what it means to majority-own and operate a license. They let regulators review ownership arrangements before a license issues rather than after, which is the change that should have come first. They require a compliance course before applying and again after the award. And they require
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