Montana Gets Ready to License the Recreational Cannabis Industry
Marijuana Stocks, Finance, & InvestingUncategorized November 17, 2020 MJ Shareholders
Montana made recreational cannabis legal this past election, and now, they’ve begun the process of licensing, already looking ahead to the future of the recreational industry.
According to the Montana Department of Revenue, the state is currently planning on being able to make licenses available by October of next year, a little less than a year from now and a quick start for the industry. I-190, the new cannabis regulation initiative, establishes a legal, regulated cannabis industry in the state.
“On November 3, 2020, Montana voters approved initiatives regarding the sale, possession and taxation of marijuana for adults 21 and over,” the department claims in a special message on the new initiative that they have posted on their website. Per Initiative 190, the department will begin accepting applications for necessary licenses by October 1, 2021.
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