Missouri to start taking medical marijuana business application fees Jan. 5

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Missouri health regulators said they will begin accepting license application fees for medical marijuana cultivation, infused product manufacturing and dispensaries on Jan. 5.

Here’s what you need to know:

  • The license application fee form, which is available on the state health department’s website, is not an application for a license to operate a medical marijuana business. Rather, it’s a form entrepreneurs can fill out along with a check or money order before they file an actual license application.
  • The application fees are not refundable.
  • Application forms for cannabis business licenses will be made available June 4 and must be submitted separately, according to the state’s health department.

In other news, Missouri also appointed Republican Rep. Lyndall Fraker – an outgoing state representative and a supporter of medical marijuana – as director of the state’s MMJ program.

Experts predict Missouri’s MMJ program will be favorable to businesses, and it could generate $175 million-$275 million in annual marijuana sales within several years of the state’s first dispensary opening, according to a Marijuana Business Daily projection.

Voters approved a constitutional amendment in November allowing medical marijuana in Missouri.

The measure allows patients with cancer, HIV, epilepsy and other conditions access to marijuana. It also permits use by veterans suffering from post-traumatic stress disorder.

– Associated Press and Marijuana Business Daily