In Richmond, Kentucky, small-scale cannabis cultivators like James Anderson are working towards opening their medical cannabis businesses. After years of discussion among lawmakers, the state is finally set to start accepting applications for medical cannabis businesses on July 1. However, the process is not easy or cheap.
James Anderson has long dreamed of opening Joint Brother’s Cannabis Company and creating different strains of cannabis to help people in need. But the financial burden placed on small businesses like his may allow larger corporations to dominate the industry. Despite these concerns, Anderson is still working through the application process and evaluating the risks involved in starting a medical cannabis business.
The initial license lottery for medical cannabis businesses will take place in early October 2024, with the first dispensaries expected to open in January. This marks a significant milestone in Kentucky’s journey towards establishing a regulated medical cannabis industry.
In conclusion, despite the challenges that lie ahead for small-scale growers like James Anderson, he remains passionate about creating different strains of cannabis to help people in need. The initial licensing fees of $12,000 and application fees of $3,000 are significant obstacles for small businesses but they are working hard to overcome them while evaluating the risks involved in starting a medical cannabis business.