Competition to operate an adult-use cannabis business in Delaware is intense.
During the application period from Aug. 19 to Sept. 30, the state’s Office of the Marijuana Commissioner received more than 1,260 applications for recreational marijuana business licenses, including 800 for 30 retail operations, the Delaware News Journal reported.
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According to the Wilmington-based news outlet, the applications generated more than $4 million in fees:
$5,000 for an open application (for applicants not seeking social equity and microbusiness licenses). $3,000 for a microbusiness application. $1,000 for a social equity application.
An initial lottery to approve applications for cultivation licenses is scheduled for Oct. 24.
A retail-only lottery will occur in late November or early December.
Lotteries will not be conducted for open
Read full article on Marijuana Business Daily
