Maine to start accepting applications for recreational pot businesses months before market is set to open
MaineMarijuana Industry News December 6, 2019 MJ Shareholders 0
AUGUSTA, Maine — Recreational pot sales are getting closer to becoming a reality in Maine as state regulators open the licensing process for businesses Thursday.
Business owners hoping to cash in can apply using an online form on the state’s website.
The process for individual licenses began in November.
All applicants have to go through a background check and obtain a state-issued ID card.
Businesses will also need local approval before they can be licensed and open up shop.
Many cities and towns are still working to finalize their own rules. The City of Portland is still working on a lottery system to limit the number of facilities within city limits.
Other municipalities have banned sales entirely.
It has taken officials months to finalize the rules and regulations surrounding recreational growth and sales at the state level.
Recreational marijuana was first approved by voters and legalized in Maine back in 2016.
By law, owners and investors are limited to four retail licenses and three grow licenses each. [Read More @ Maine News Center]
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.