(This story is part of the cover package in the November-December issue of MJBizMagazine.)
As the co-founder and CEO of Capitol Wellness Solutions in Baton Rouge, Louisiana, Randy Mire runs one of only 10 companies awarded a license to sell medical marijuana in the southern state.
A change in state law that went into effect last year means the number of dispensaries – or pharmacies, as Louisiana’s brick-and-mortar marijuana retail locations are called – allowed in the state might triple.
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As for the ability to pay less in taxes to the federal government and retain more capital to scale his business, Mire might have President Joe Biden’s administration to thank.
On Aug. 29, the U.S. Department of Health and Human Services recommended that marijuana be removed from Schedule 1 of the Controlled Substances Act and instead be classified in Schedule 3.
That recommendation is currently under Drug Enforcement Administration review.
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