Missouri Recreational Cannabis Update

Missouri Recreational Cannabis Update

Shelby Knight
DECEMBER 2ND, 2022

Missouri recreational cannabis was passed on November 8. Medical license holders will have the chance to convert their businesses to adult use on December 8. Missouri recreational cannabis sales are expected to begin in early 2023. The Missouri Department of Health and Senior Services is currently in the process of drafting regulations to govern the adult-use cannabis industry. It must begin awarding comprehensive licenses to current medical dispensaries by February 6.

The first round of microbusiness applications for Missouri recreational cannabis businesses opens on September 4th. Application forms will become available no later than June 6th. They are set to be reviewed in early December, with the second round of microbusiness applications to open in 2024.

  • What is a microbusiness facility?
    • A microbusiness facility refers to either a microbusiness dispensary or a microbusiness wholesale facility, both of which conduct operations related to marijuana for medical and adult use. A microbusiness is different from a medical or comprehensive facility because it is designed to provide a path to facility ownership for individuals who might not otherwise easily access that opportunity, such as those with a net worth of less than $250,000 or veterans with a service-connected disability. In order to qualify for a microbusiness facility license, applicant entities shall be majority owned by individuals who each meet at least one of a number of qualifications set forth in the Constitution.
  • What is a microbusiness dispensary facility?
    • A microbusiness dispensary facility is a licensed microbusiness facility where marijuana is dispensed for medical and adult use. Microbusiness dispensaries may only acquire product from and sell product that was produced by microbusiness wholesale facilities.
  • What is a microbusiness wholesale facility?
    • A microbusiness wholesale facility combines the concepts of a cultivation facility and a manufacturing facility to serve both the medical and adult use communities. A microbusiness wholesale facility may engage in all or only a subset of the activities approved under its license. If cultivating, microbusiness wholesale facilities may cultivate up to two hundred and fifty flowering plants at a time. Microbusiness wholesalers may only sell product to microbusiness dispensary facilities.

 

 

Want to learn more?
Visit our state page and schedule a consultation today!
Contact us by phone at 602-290-9424 or via email at info@thecannabisbusinessadvisors.com for more information on how to get started.

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