Texas officials have conditionally approved more 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 Wednesday that it initiated a second phase of the Texas Compassionate Use Program (TCUP) expansion selection process by picking three new businesses that can move forward in the process.
This comes months after the agency selected an initial wave of nine businesses to advance in Texas’s expanded medical cannabis licensing and approval process.
The new businesses that got approval this week “will be conditionally awarded TCUP licenses, subject to additional due diligence, such as disciplinary actions, financial suitability, litigation history and any other information as required by the department,” the announcement says.
Among the successful applicants are two affiliates of major multi-state marijuana businesses, GTI Texas, LLC dba RISE Dispensaries and Cresco Labs Texas, LLC. Texas Medica Collective, LLC was also selected.
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
Read full article on Marijuana Moment
