Plenty of entrepreneurs are showing interest in opening medical marijuana businesses in Missouri, a market that experts predict could be favorable to cannabis commerce.
The Missouri health department said it has received more than 250 forms and over $2 million in application fees in the first week of accepting applications from those seeking to grow or distribute medical marijuana.
The Missouri Department of Health and Senior Services is still formulating rules to regulate the new industry.
Entities seeking a cultivation facility must pay a $10,000 application fee.
Those seeking to distribute medical marijuana or manufacture MMJ-infused products must pay a $6,000 fee.
Missouri’s medical cannabis market has the potential to generate $175 million-$275 million in annual sales within several years of the opening of the state’s first dispensary, according to a Marijuana Business Daily projection.
– Associated Press and Marijuana Business Daily
U.S. cannabis companies willing to work at it will find ample opportunities to raise money.
Why don’t they have a lockable receptacle that is accessible only to them? Do Ma Regs not require such?