Missouri regulators received roughly 2,100 applications for up to 348 medical cannabis business licenses.
More than 1,200 applications arrived in the past three days, including 800 in the 24 hours leading up to the extended deadline, according to state officials.
The deadline was extended from Saturday until 4:30 p.m. CT Monday.
Here are the key details about Missouri’s medical marijuana program, which voters approved in November 2018:
- The state plans to license 60 cultivation centers, 192 dispensaries, 86 processing sites and 10 testing labs.
- Marijuana Business Daily projects that the program could generate $175 million-$275 million in annual sales within several years of the launch.
- A third-party evaluator soon will begin reviewing and scoring the applications, which will be stripped of any identifying information.
- Regulators must approve or deny an application within 150 days of the submission date.
- A breakdown of applications by geographical location and facility type will become publicly available in the coming weeks.
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