Mississippi Medical Marijuana Market
Update: Since the Mississippi Supreme Court struck down the resutls of the ballot initiave, all eyes are on the next steps of the state legislature. Stay tuned for more updates from the potential special session.
Medical marijuana was ushered in with almost 69% of voters saying “yes” to a medical program, overall, and 75% of supporters voting for Amendment 65.
The citizen-backed legalization effort that allows for 22 qualifying conditions and an unlimited number of licenses at the state level now heads to the Mississippi Department of Health to develop regulations and oversee the licensing process. While many details are yet to be defined, the amendment calls for a July 1, 2021 deadline for finalizing regulations and an August 15, 2021 date to begin treatment center licensing.
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.