Alabama Medical Marijuana Market
Alabama joins the legalization movement as Governor Ivey signed medical marijuana legislation on May 17, 2021.
The next steps in the state are for rules to be adopted “in time to allow business license applications to start by September 1, 2022”. More information will be released by the state, but these are the details we know now:
License opportunities:
Up to 5 vertically integrated licenses
Uo to 4 dispensary licenses
Up to 4 processing licenses
At least 4 cultivation licenses
The vertically integrated licenses could operate up to five dispensaries in different counties and dispensary license holders could have up to three locations.
Stay tuned for more details as they become available. In the meantime, you can never start early business planning too soon. Our experts can help develop your business plan and financial model so that you’re well-positioned to move quickly when the application window opens.
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