Missouri’s Medical Cannabis Program Proceeding Apace

By Peter K. Andreone, Hoban Law Group

Missouri’s medical cannabis program prepared to take a giant leap forward this past week: On Tuesday, the Missouri Department of Health and Senior Services (DHSS) published its finalized rules and regulations to govern the state’s medical marijuana program, as well as official application forms to obtain licensure. Updated drafts of the rules were recently published last month, and can be found at health.mo.gov. The updated drafts provide an instructive preview of what the state’s final regulatory landscape will look like.

Per Missouri law, any business entity pursuing licensure must be majority-owned (51% or more) by residents of Missouri. Despite that requirement, many Missourians are eager to partner with out-of-state operators, as “prior cannabis industry experience” will be a critical factor in grading the applications and awarding licenses. Opportunities abound for out-of-state groups looking to get involved in Missouri’s burgeoning medical marijuana industry. According to New Frontier Data’s projections, Missouri is expected to annually generate about $111 million from medical cannabis sales by 2025.

DHSS has decided to limit the …

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