Types of Marijuana Licenses Up for Grabs
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.
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