Webinar, July 12: Writing & Submitting a Winning Application in Mississippi
Mississippi Medical Marijuana License Opportunities
It's official! Governor Tate Reeves signed the medical marijuana bill.
The law is effective immediately and the process should move quickly. The next expected news is online applications being accepted staring in June 2022.
The bill calls for the state Department of Health to begin accepting applications, registering, and licensing ID cards and practitioners within 120 days. After 120 days, the department is required to begin licensing and registering cannabis cultivation facilities, processing facilities, testing facilities, research facilities, disposal, and transport operations.
After 150 days, the Department of Revenue is supposed to begin licensing and registering dispensaries, within 30 days of receiving applications, or within 30 days after the initial 150 days, whichever is the later date.”
With these intense deadlines in place, cannabis entrepreneurs should start business plans and financial models now to start raising funds, finding your ideal property, and building your team.
Read the latest details for the Mississippi medical marijuana rollout: new regulations, order of operations, cities and counties that opted out, and the next important steps.
Medical Marijuana in Mississippi: The Timeline
What are the Details of Implementing the Approved Medical Marijuana Bill in Mississippi?
Effective Date: Immediately
After 120 Days: Begin issuing licenses (except for dispensaries), within 30 days of receiving an application
After 150 Days: Begin issuing licenses for dispensaries, within 30 days of receiving an application
Cap on Number of Licenses: None at the state level, but municipalities can opt-out altogether.
Regulations and Applications Release: Expected within the next couple of months
Other Program Details for Mississippi's Medical Marijuana Cannabis Act
What Are Other Important Details to Know Before Applying?
- 3 years as a Mississippi resident for individuals
- 35% equity ownership by a 3-year resident.
- 100% equity ownership by a 3-year resident for micro cultivators and micro processors
Vertical integration is allowed, but not required.
No individual or entity may have a direct or indirect ownership or economic interest of more than 10% in more than one cultivation facility license, one processing facility license, or more than five dispensary licenses.
Any cannabis facility must be at least 1,000 feet from schools, churches, and daycares. Waivers to lower this distance are a possibility.
Dispensaries must be at least 1,500 feet from each other.