Grower/processor

(12 permits available)

Requirements:

$10,000 nonrefundable application fee.

$200,000 deposit refundable only to the losers.

At least $2 million in capital, of which $500,000 must be on deposit with a financial institution.

Dispensary

(27 permits available)

Allows operation of up to three dispensaries.

Requirements:

$5,000 nonrefundable fee.

$30,000 cash, plus $150,000 on deposit with a financial institution for each dispensary.

Clinical registrant

(8 permits in the future; none now)

Would allow academic medical centers with investor partners to:

Grow and process marijuana.

Conduct research through the medical school.

Operate up to six dispensaries.EndText