Business licensing application date moved up 6 months
(Story Courtesy of Kentucky Today)
Kentucky Gov. Andy Beshear announced steps to speed the process on when medical cannabis will become legal in Kentucky. He signed House Bill 829 into law, which among other things, moves up the timeline for cannabis business licensing from Jan. 1, 2025, to July 2024, although product cannot be sold until 2025.
“The program is also focused on ensuring cannabis business licensing is fair and transparent,” said Sam Flynn, executive director of the Kentucky Medical Cannabis Program. “To do so, the program has partnered with the Kentucky Lottery Corporation, to issue medical cannabis business licenses using a lottery system. Other states have also adopted this approach. Kentucky’s first license lottery will be held this October.”
The initial license availability includes 10 tier I (smaller) cultivator licenses, four tier II cultivator licenses and two tier III cultivator licenses. There will not be tier IV (large) cultivator or producer licenses offered during the initial license availability but may become available during subsequent licensure periods.
For processors, there will be 10 licenses available statewide and 48 licenses for dispensaries.
More details on the program are at kymedcan.ky.gov.
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