Missouri Medical Marijuana Market
Medical Marijuana in Missouri
Medical marijuana is now legal in Missouri, and the state released a Request for Applications (RFA) for cannabis businesses to become licensed under the new program. The stakes are high and the competition is fierce to be one of the first business operators in the state.
Licensing applications have been submitted and the state will award the first licenses to operate in Missouri’s new medical marijuana market by December 31, 2019. Vertical integration and co-location are allowed, but no entity under common control, ownership, or management may receive more than 3 cultivator, 3 processor, or 5 dispensary licenses.
We are actively involved in Missouri — hosting business workshops, engaging with ancillary businesses, speaking at and attending local events, working with lawyers and legislators, and meeting our clients to support their cannabis business success.
Cannabis Business Guidance in Missouri
With ample business opportunity available in a competitive and highly-regulated market, making all of the right decisions to set yourself up for success is a daunting task. Our operational expertise and vast network of influencers will put your cannabis business on the best path for success. Our team of experts help clients navigate the new regulations, provide specific guidance based on what type of cannabis business they start, and support them on their entrepreneurial journey.
Market Conditions in Missouri
The Missouri Department of Health intends to give out 60 cultivation, 86 processor, and 192 dispensary licenses that will be awarded in December 2019.
Citizens of Missouri voted on three different ballot initiatives to legalize medical marijuana in November 2018. Amendment 2 passed, creating a medical marijuana program which specifies 10 conditions and allows doctors to recommend medical marijuana for any chronic, debilitating, or other medical condition. The program is estimated to cost $7 million annually and is projected to generate $18 million for the state and $6 million for local governments. The imposed 4% sales tax that is collected from medical cannabis sales will go to the Missouri Veterans’ Health and Care Fund. The purchase limit for patients is four ounces in a thirty-day period; smoking and home growing are allowed.
Stay up-to-date on medical marijuana in Missouri
Cannabis legalization is changing rapidly. The cannabis consultants at Canna Advisors can help develop your business from the ground up. For the latest news and events in the industry, visit our Blog and News and Events pages, and have a look at some of the following top articles on medical marijuana in Missouri.
"FBI interviewing Missouri officials about medical marijuana program and contracting" - Kansas City Star
"D.I.Y. marijuana? Under Amendment 2, patients can grow their own weed" - Springfield News-Leader
A smarter, more strategic approach to Missouri medical marijuana business licenses
Lean on our proven expertise and unparalleled track record to successfully secure your Missouri cannabis license.