Missouri MMJ campaign submits petitions for ballot initiative

The 2016 legalization wave may have just gotten a bit bigger.

Advocates of medical marijuana legalization in Missouri have collected nearly 100,000 more signatures than required to put the issue on the November ballot.

New Approach Missouri, which conducted the petition drive, said in a press release it submitted more than 260,000 signatures to the state on Sunday, the deadline for ballot initiative campaigns. About 167,000 valid signature are needed to qualify for the ballot.

The secretary of state has until late July to verify whether the campaign gathered enough valid signatures, the Columbia Daily Tribune reported.

If the measure is placed before voters and passes, the business opportunities in the state could be both significant but restricted.

Only Missouri residents could own and operate MMJ businesses under the measure. But there’s no limit to how many business permits the state could issue.

There are strict limits on how many types of licenses a single business could own. One company could have up to three cultivation licenses, six dispensary licenses, and five infused-product manufacturing licenses.

Missouri already has a legal CBD program. But it’s limited to low-THC products and the state has only two licensed producers.

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