On Tuesday, the Missouri Department of Health and Senior Services, responsible for managing the state’s marijuana program, announced that it will be accepting applications for the second round of Missouri cannabis business microbusiness licenses through an online platform from April 15th to April 29th. The department plans to issue 48 Missouri cannabis business licenses in July. Per […]
A living document, also known as an evergreen document or dynamic document, is a document that is continually edited and updated. A cannabis business plan, should be that. Businesses in the cannabis industry, like any other industry, need to update their business plans for several reasons: Regulatory Changes: The cannabis industry is heavily regulated, and regulations […]
The industry has recently encountered several shocking events. Not only has the industry had several recalls in the past, however the most recent recall has Missouri operators questioning what is going on with the state track and trace system who refuses to comment on the situation. Of equal importance, the Oklahoma Medical Marijuana Authority has […]
Kentucky Governor Andy Beshear recently signed Senate Bill 47 into law, legalizing medical marijuana in Kentucky. * Starting in 2025, Kentuckians will be able to apply for a medical marijuana card after obtaining a written certification from their medical practitioner showing a qualified medical condition. But what does that mean for Kentucky Medical Marijuana businesses? What […]
A wise CFO once tried to explain to me how he wanted the costs associated with the cultivation and production of cannabis good recorded. He described “buckets” that the costs would essentially “go into”. Thus began my journey of researching cannabis inventory costing. What are these theoretical buckets? What costs “go into” these buckets? How […]
The New Mexico Regulations and Licensing Department Cannabis Control Division is currently accepting New Mexico cannabis license applications. Currently, there are no limits to the amount of licenses that can be approved by the department. Additionally, there are no city bans on cannabis business locations in New Mexico. The only exception to this is consumption […]
The Texas Department of Public Safety closed the Compassionate Use Licensing application period on April 28, 2022. However, the licensing period will be open again soon. We will explain throughout this article why we are confident the state will open application windows again, and how we can help you prepare for when additional licensing becomes […]
The state of Missouri will begin accepting cannabis license applications on July 27, 2023. However, the license application instructions for applying can be accessed at cannabis.mo.gov. The state will issue 48 micro-business licenses to qualifying applicants via a random lottery drawing on October 3, 2023. The amount of qualifying applicants who will apply is still […]
To begin, the state of Florida is known to have strict rules about cannabis. Currently, there are 22 license holders in the state. Additional restrictions include vertical integration. Therefore, the company must grow, manufacture, process, and sell their own products. This has proven to complicate entering the industry. However, for the right investors, the market […]
The cannabis industry is so new, that many find themselves wondering which seed to sale software to use. This includes cannabis law makers whom must appoint a track and trace software for their state to use. Many states are already operating on a variety of different software solutions and have complaints about their abilities. There […]
