Ohio’s Medical Marijuana Control Program announced today that it will begin accepting applications for processors on December 4th through December 15th. The program remains on track to become operational by September 2018.
The application fee is $10,000 (non-refundable), with an additional $90,000 certificate of operation fee required for successful applicants and an annual renewal fee of $100,000. The state will issue up to 40 processor provisional licenses prior to the start of the program.
The application is in two parts, including a 24-page form that requires the business entity, its financial status, approval from the property owner, zoning information and other information, and an 8-page form for information that isn’t identifiable to the applicant, which is supposed to provide a business plan, an operations plan, a quality assurance plan, a security plan and a financial plan.
Ohio is expected to announce the successful cultivation applicants in November and is closing out the dispensary application process on November 17th.
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email
