Texas officials have conditionally approved nine new medical marijuana business licenses as part of a law that’s being implemented to significantly expand the state’s cannabis program.
The Department of Public Safety (DPS) announced on Monday that it’s completed the first phase of the Texas Compassionate Use Program (TCUP) expansion selection process, which will now involve an additional due diligence assessment for the nine businesses before formally awarding the licenses.
Officials said the conditional approvals “do not grant the applicant permission to cultivate, manufacture, distribute or sell cannabis products until final approval by the department.”
“As a holder of a conditional license, the licensee is subject to the department’s ongoing due diligence evaluation,” DPS said. “Each conditional licensee is expected to fully comply with all statutory and regulatory requirements applicable to the medicinal license issued under TCUP.”
“DPS will be requesting additional information from these businesses and will not be invoicing any dispensing organization license fees until the additional due diligence evaluations are completed and passed. The announcement of these nine businesses today does not guarantee that these businesses will be issued final TCUP licenses to operate as dispensing organizations.”
The law passed by the legislature and signed into law by
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