FRANKFORT, Ky. — Kentucky Democratic Gov. Andy Beshear has signed House Bill 829 into law, moving the deadline for medical marijuana business licenses from January 1, 2025 to July 2024.
“The current administration has worked hard to accelerate the timeline for medical marijuana availability,” Beshear said. “We are working with the General Assembly on a solution and can report that by signing House Bill 829, my administration can now issue licenses to medical marijuana businesses in 2024 instead of 2025. I am very happy.”
The Kentucky Medical Cannabis Program also submitted regulations to align with the new schedule and provide guidelines for applying for licensed medical cannabis businesses. This includes creating a license structure. Application process, review process, schedule. Application and license fees. Visit our website for more information.
Under the new regulations, businesses can apply for cannabis business licenses from July 1 to August 31. According to the governor's office, applicants must pay an application fee and submit documents such as business history, operating plans, ownership information, financial information, business location and site plan.
“We are excited that this program will be able to issue licenses in 2024 instead of 2025,” said Cabinet Secretary of Health and Family Services Eric Friedlander. “Since its inception, the program has focused on providing safe access to medical cannabis for patients with serious medical conditions such as cancer, PTSD, multiple sclerosis, and other symptoms and symptoms. Ta.”
Sam Flynn, executive director of the Kentucky Medical Cannabis Program, said the program is focused on ensuring fairness and transparency in licensing. The program partners with the Kentucky Lottery Corporation to issue medical marijuana business licenses through a lottery system, an approach other states have used.
According to the governor's office, 10 licenses will be available for processors and 48 licenses for dispensaries. Compounding pharmacy licenses will be issued in 11 regions to ensure Kentuckians with conditions such as cancer or PTSD can quickly get to a dispensary.
