JEFFERSON CITY, Mo. — The Missouri Department of Health and Senior Services addressed the procedure and timeline for granting a marijuana microbusiness license to underrepresented individuals during a recent session.
The department plans to issue 48 licenses across the state’s eight congressional districts in Missouri beginning in October 2023, intending to boost legal participation in the marijuana market among smaller businesses and marginalized communities.
Local vegetable farmer Brett Ishler expressed his interest in applying for a microbusiness license and shared why this opportunity is crucial for underrepresented communities. “These licenses will provide small entrepreneurs like myself and others in our community a fighting chance in the growing marijuana industry,” Ishler said.
According to the department, congressional districts in Missouri will receive six licenses, with two designated for microbusiness dispensaries and the remaining four reserved for microbusiness wholesale operations. Those who receive a Missouri microbusiness license can dispense medical or adult-use marijuana. At the same time, wholesale operators can cultivate up to 250 flowering plants simultaneously for both purposes.
The Missouri Department of Health and Senior Services forms a set of criteria for license eligibility. Applicants must satisfy at least one of the following requirements in order to be considered: they must have a net worth of less than $250,000, an annual income below 250% of the federal poverty threshold, or a current U.S. service-connected disability card. Department of Veterans Affairs, or residence in a census tract or zip code where 30% or more of the people are considered to be living in poverty.
The department will begin accepting applications shortly and issue 48 more licenses in 2023 and 48 licenses in 2025, further expanding opportunities for underrepresented communities in the legal marijuana market.
In addition to providing vital opportunities for local entrepreneurs, the microbusiness license aligns with broader state and national trends toward diversifying the marijuana industry and cannabis marketing. Supporting individuals from diverse backgrounds not only paves the way for new products and innovations but also ensures a more inclusive and accessible market for the people of Missouri.
Here’s More Information on the Topic:
Missouri Department of Health and Senior Services Discuss Marijuana Microbusiness Licenses
Missouri to Open “Microbusiness” Marijuana Application Process in July
Microbusinesses Licenses Aim to Diversify Marijuana Business Owners