Mississippi Business License Application Stampede



Mississippi is entering an era of medical marijuana, meaning hopeful dispensary owners are in turf wars across the state as they rush to get applications. The state began accepting applications for medical marijuana dispensaries on July 1 and will take them through August 31. The Mississippi Department of Revenue has received 111 applications for dispensaries, which it started accepting on July 1. That’s more than any other business category and has led to $4.4 million in collected application fees — a record amount for a state agency that processes under $50 million worth of expenses annually.


Mississippi’s hopeful medical marijuana dispensary owners are in turf wars across the state as they rush to get applications to lay their stake in the new industry.


Plans for medical marijuana dispensaries are coming to fruition in Mississippi, and the competition is fierce. Applicants have been scrambling to file applications by the state’s deadline on June 3rd. The state has received 111 dispensary applications from hopeful entrepreneurs across both southern regions of the state. According to a recent press release by Mississippi Development Authority (MDA), there are currently 2,200 cannabis businesses operating in California alone; this number could grow exponentially as more states legalize the medicinal or recreational use of marijuana.


Mississippi’s Medical Marijuana Dispensary Licensing Committee will review all dispensary applications submitted between July 5th and October 31st, 2019.


The state began accepting applications for medical marijuana dispensaries on July 1 and will take them through August 31.


The state began accepting applications for medical marijuana dispensaries on July 1 and will take them through August 31. There is no limit to the number of applications a business can submit. Administrative costs associated with an application include a $10,000 application fee, a $12,500 annual operating fee, and a $500 initial license fee.


Applications are being accepted online at the Bureau's website (http://www.msbureauofhealthservices.ms.gov/marijuana_dispensaries).


The Mississippi Department of Revenue has received 111 applications for dispensaries, which it started accepting on July 1. That’s more than any other business category and has led to $4.4 million in collected application fees.


Mississippi is among 30 states that have legalized some form of medical marijuana.


The Mississippi Department of Revenue has received 111 applications for dispensaries, which it started accepting on July 1. That’s more than any other business category and has led to $4.4 million in collected application fees.


Potential dispensary owners are competing for locations all over the state


While the state is still working out the details regarding which businesses the state will license to sell medical marijuana, it does appear that Mississippians will have access to the drug sooner rather than later. Potential dispensary owners are competing for locations all over the state, and many have already begun construction on their facilities.


Conclusion


It’s a competitive market, not only for the dispensaries but also for retail licenses. So if you’re looking to get into the business of selling medical marijuana, now is the time to jump on board before it gets too crazy.