Alabama has received 221 requests for medical cannabis business license applications since launching the process Sept. 1, according to the Alabama Daily News.
The interest in medical marijuana business licenses in Alabama in the first two weeks is not surprising since MJBizDaily projects the MMJ market in the state could generate $80 million-$90 million in sales in its first year.
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The annual sales total could soar to $450 million-$545 million in the program’s fourth year.
The Alabama Medical Cannabis Commission (AMCC) will issue:
Up to 12 cultivator licenses. Up to four processor licenses. Up to four dispensary licenses (each permit allows up to three locations). Up to five integrated facility licenses. An unspecified number of secure transport and testing lab licenses.
The window to request an MMJ business license application in Alabama will be open until Oct. 17.
The AMCC will accept completed applications until Dec.
Read full article on Marijuana Business Daily
