Department of Health and Senior Services announced Jan. 23 it has commenced the issuance of 192 licenses for medical marijuana dispensary facilities. The very next day, DHSS released a full list of licenses that were awarded, as well as which applications were denied.
The department was obliged by the constitutional amendment that voters backed in 2018 to license at least 192 dispensaries, according to St.Louis Public Radio. Out of those 192 dispensaries, each state’s congressional district should have 24.
Benzinga's Cannabis Capital Conference returns to Miami Feb. 24-25 with North America's largest B2B cannabis gathering, bringing together capital, cannabis executives, thought leaders and more!
DHSS could have issued more licenses, but they decided for 192 to test if the minimum set by the constitutional amendment was enough to answer the state’s needs.
“In early 2019, DHSS commissioned an independent study from the University of Missouri to determine how many licenses would be necessary to meet Missouri’s demand,” said Lisa Cox, a spokeswoman for DHSS. “The results showed it would be many years before the medical marijuana market would be likely to sustain even the minimum number of licenses mandated by the Constitution.”
In addition, the department announced it will release seed-to-sale facility certifications on Jan. 31. According to St.Louis Public Radio, DHSS expects medical marijuana sales to commence this spring.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!