After Mississippi Gov. Tate Reeves signed a bill to legalize medical cannabis in the state in February, agencies like the Department of Health and the Department of Revenue began writing regulations for the marketplace that will materialize later this year. Not every rule is set in stone just yet, but already prospective business owners have a sense of what’s needed to get in on the action. License applications may be submitted to the DOH in early June (for cultivation, processing, testing, research, disposal and transportation operations) and to the DOR in early July (for dispensary operations). Those dates are coming soon: But industry observers caution against haste. There will be time aplenty to submit paperwork. The important thing is what’s contained within that paperwork. Clare Millette, partner at Cosmich Simmons & Brown PLLC, says that it’s vital to think through the full business plan—long-term. “[Applicants] need to know there’s so much information, and there are so many different ways that you can participate in this industry,” she says. “You need to have a clear vision for where you see yourself entering this industry.”
Cannabis Business Times, 05/05/2022 15:12:00