Missouri regulators have awarded New York-based Cannabis Public Policy Consulting a $238,700 contract to study the state’s marijuana market.
The economic impact study will help the state’s Division of Cannabis Regulation determine whether to award additional cannabis business licenses, how many, where and what type, according to the Missouri Department of Health and Senior Services (DHSS).
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The DHSS has issued nearly 400 licenses for cultivation, manufacturing facilities and retailers, according to the Missouri Independent.
Eventually, the state also will authorize 144 microbusiness licenses to benefit disadvantaged business owners, the news outlet reported.
If the study determines the state should issue additional cannabis licenses, at least half must be awarded to microbusiness facilities that have been operational for at least a year.
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