Applications For Kentucky Medical Cannabis Business Licenses Are Now Open
Marijuana IndustryMarijuana Industry News July 2, 2024 MJ Shareholders 0
“The program is focused on ensuring cannabis business licensing is fair, transparent and customer-service oriented.”
By Sarah Ladd, Kentucky Lantern
Kentuckians can now begin applying for a cannabis business license, and medical providers can apply to Kentucky’s Board of Medical Licensure and Board of Nursing for permission to write cannabis prescriptions.
This is thanks to a bipartisan House Bill 829 that became law during this year’s legislative session and moved up the medical cannabis timeline from January 2025 to July 1, 2024.
In 2023, the legislature legalized medical marijuana for Kentuckians suffering from chronic illnesses.
Patients who qualify—with a history of post traumatic stress disorder (PTSD), cancer or other approved medical conditions—still won’t be able to apply for cannabis cards until January 1.
Applications will remain open until August 31. There are a limited number of licenses that the state will distribute to cultivators and dispensers, and winners will be chosen in a lottery system. Kentucky will award 48 licenses to dispensaries in 11 regions across the state, 10 to processors and 16 to cultivators.
Lottery winners are expected to be announced in October, Gov. Andy Beshear (D) previously said. Filling the applications via lottery, Beshear said in April, is a way to keep the process more equitable.
The Office of Medical Cannabis is now accepting applications for cannabis business licenses through Aug. 31, 2024. Visit the “How to Apply” tab under “Businesses” on our website to register for an account & access the Business Licensing Application Portal: https://t.co/isqvzN64F9 pic.twitter.com/A0mUVxMveo
— Kentucky Office of Medical Cannabis (@MedCanKY) July 1, 2024
“It creates a more fair process,” he said. “Not one where people bid against each other and only then the big companies can be a part of it.”
Applicants will be required to pay an application fee and provide documentation including business history, operating plans and financial information.
“The program is focused on ensuring cannabis business licensing is fair, transparent and customer-service oriented,” Sam Flynn, executive director of the Kentucky Office of Medical Cannabis, said in a statement.
Rep. Jason Nemes (R-Middletown), the primary sponsor of HB 829, said the new timeline is “the culmination of a long effort to provide for the safe use of medical marijuana to provide relief to Kentuckians suffering from pain and disease.”
“We’re taking the regulatory process seriously,” Nemes said, “and looking forward to seeing it move forward.”
For more information on applying, visit this website.
This story was first published by Kentucky Lantern.
Photo courtesy of Mike Latimer.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.