Plenty show interest in Missouri marijuana business

State gets $2 million in application fees
Plenty show interest in Missouri marijuana business

Plenty of entities are showing interest in opening medical marijuana businesses in Missouri and they’re putting their money behind it.

The Missouri Department of Health and Senior Services said Thursday it’s received more than 250 forms and more than $2 million in application fees in the first week of accepting applications from those seeking to grow or distribute medical marijuana.

Entities seeking a cultivation facility must pay a $10,000 application fee. Those seeking to distribute medical marijuana or manufacture products infused with medical marijuana must pay a $6,000 fee.

Missouri voters in November approved a constitutional amendment allowing for medical marijuana, joining 32 other states.
The amendment allows patients with cancer, HIV, epilepsy and other conditions to have access to the drug. The health department is still formulating rules to regulate the new industry.

Prior to the November vote, Missouri legislative researchers estimated that more than $100 million worth of medical marijuana could be sold annually.