Welcome to the first installment of Nucleus One’s State Spotlight Series, where we break down the current cannabis market for an individual state. First on the list is Missouri, who recently passed major legislation.
State legislators, Missouri Department of Health
On Nov. 6, 2018 Missouri voters approved Amendment 2 to permit state-licensed physicians to recommend marijuana for medical purposes to patients with serious illnesses and medical conditions. Rules and regulations are currently being developed and implemented with an expected completion date of June 4, 2019. This includes most popular forms of consuming cannabis (ingestion, vapor, smoking, ointments, edibles, etc.)
The Missouri Department of Health will begin accepting applications for cultivation, manufacturing, and dispensing facilities on Aug. 3, 2019 and anticipate medical marijuana may be available for purchase as early as January 2020 (though likely to be a few months later in 2020).
WHY…. (is this important)
Pew Research Center found that 62% of Americans, including 74% of millennials, said they supported legalizing marijuana. Missouri is another state that put it’s name in for the 33 states to legalize medical marijuana. This is a crucial state based on how citizens of the state historically have voted (Conservative). Projections that this might swing other traditionally conservative states to pass new legislation, and with confidence, we can soon expect laws to change at the federal level. It’s essential to note that this is a rare situation because unlike many other states, there are set deadlines on building a robust cannabis “rule program”, which has held most states back for getting started.
With a unique strategy, Nucleus One brings a knowledge base of information based on years of industry expertise, project support & CFO/Accounting services. More to come with other states & federal watch..
- Missouri Department of Health & Senior Services (https://health.mo.gov/safety/medical-marijuana/faqs.php)
- Business Insider (https://www.businessinsider.com/legal-marijuana-states-2018-1)