420 with CNW – Missouri Medical Marijuana Growers Face Additional Roadblock Before Planting Crops

June 16, 2020 15:25:35

At the moment, 33 states have legalized medical cannabis and 11 states plus Washington D.C. have taken things further and legalized recreational use. States with relatively successful legal marijuana programs like California and Colorado have surpassed $1 billion in cannabis tax revenue, and numerous advocates in other states are pushing for legalization. However, the industry is still immature, processes aren’t streamlined across the board and everyone from cultivators to retailers is subject to lengthy and time-consuming verification processes.

Marijuana business owners in Missouri, for instance, already face a lengthy verification process, and they say they have been caught off guard by an additional hurdle imposed by the Missouri Department of Health and Senior Services, which is in charge of overseeing the industry. There are 338 licensed medical marijuana providers, and after being verified by the state, they are now required to go through an additional verification process.

“Once those 338 were chosen by merit, the Department of Health did a verification process where they go through the application with a license holder to prove that everything they put on the application was accurate, correct and conforms to the department’s rules,” says Jack Cardetti, spokesman for MoCannTrade. Once this is completed, there is a final step called a ‘commencement inspection’ before cultivators, manufacturers, and dispensaries can start operating. Inspectors will “come on-site, look at your facility, make sure it has all the security you said it was going to have and make sure that all the promises that were made on the application were followed through on,” says Cardetti.

Only two of 60 cultivators have made it through the process so far near St. Louis. According to Nate Ruby, president of OXG, the verification process “kind of came as a surprise to probably all of us that won licenses.” He has already been verified by the state, and he hopes his commencement inspection is done soon so he can start planting inside his 17,000 square foot greenhouse in Independence. “Hopefully we’ll start growing by July, harvest around October, November, and get the product in our dispensaries.”

Kansas City Cannabis Company hasn’t been verified yet, but Chief Information Officer Nolan Lawrence hopes the final step will be completed soon. However, “that involves a whole lot of paperwork and documentation with investors, owners, and affiliates of the business.”

It isn’t yet clear what sector players like Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) think about the additional steps that their counterparts in Missouri have to go through before getting their operations started.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW420? Ask our Editor

Denver, Colorado
303.498.7722 Office

CNW420 is part of the InvestorBrandNetwork.