Medical marijuana program draws hundreds of applicants, millions in fees

Applications to join Missouri’s medical marijuana program are rolling in.

The Department of Health and Senior Services began accepting applications on Jan. 5 and has already received more than $2 million in fees.

A total of 250 different entities have submitted applications seeking to grow or distribute medical marijuana. Applications to open a cultivation facility come with a $10,000 fee. Those wanting to distribute must pay a $6,000 fee.

In November, Missouri became the 33rd state to legalize medical marijuana. Dispensaries are expected to open in the state early next year.

All the sales tax revenue generated and fees collected under the new program will go toward regulating the industry and the newly created Missouri Veterans’ Health and Care Fund.

Read more: St. Louis Post Dispatch, Missourinet

Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students