Missouri has 48 microbusiness cannabis license winners under Amendment 3. Under the program, six winners were selected in each of the state's eight Congressional districts.
The Missouri Department of Health and Senior Services posted the results this week, reported Missouri Independent.
Two of these six will serve as microbusiness dispensaries, while the remaining four will operate as microbusiness wholesale facilities, allowing their owners to cultivate up to 250 plants.
The 2022 law expanded the existing medical cannabis program statewide by allowing licensees who already sold cannabis statewide to serve both medical and non-medical buyers.
The "microbusiness license" program sought to hand out cannabis licenses to those in communities negatively affected by marijuana criminalization.
A total of 1,625 individuals submitted their applications within the application period - from July 27 to August 10.
"During this review, the department may request additional information or documents be provided by the applicant before a license is issued," according to a press release from the department issued on Monday. "Applicants will have three business days to provide the requested information, or the application will be subject to denial."
Meanwhile, the news comes on the heels of the state cannabis regulators introducing new rules to combat lab shopping.
The Department of Health and Senior Services (DHSS) has implemented a "round robin" testing approach that obliges certified labs to cross-check each other's work up to 10 times a year.
The move aims to ensure consistent THC potency results and prevent deceptive practices.
Interested in learning more about this important issue of cannabis lab testing and regulations? Meet us at the Benzinga Cannabis Capital Conference, the place where deals get done, in Chicago on Sept 27-28.
Get your tickets today before prices increase and secure a spot at the epicenter of cannabis lobbying, investment, and branding.
Photo: Courtesy of Sora Shimazaki by Pexels
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.