March 29, 2024

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Regulators start off revoking permits on Missouri marijuana corporations that did not open on time

7 min read
Botannis Labs once planned to operate a medical marijuana testing lab at 215 N. Grant Ave. near Mother's Brewing Company and Bud's Tire & Wheel off Historic Route 66 in downtown Springfield. But Botannis's state-issued license was revoked March 2, 2021.

Missouri overall health authorities not long ago started revoking a handful of clinical cannabis small business permits immediately after most of the state’s would-be cannabis firms were not completely ready to open up for business roughly a 12 months soon after profitable the licenses, which would enable them to grow and offer the plant for lawful people provided they achieved their “graduation” deadlines.

Quite a few of Missouri’s cannabis organizations acquired extensions on their operating deadline, the Information-Chief claimed final month. A trade association representative stated most companies cited problems stemming from the COVID-19 pandemic and the inevitable hurdles involved in raising funds for an business which is mainly prohibited from utilizing the regular banking system because of to marijuana’s federal status as a managed compound.

But not each business acquired an extension, and acquiring one doesn’t suggest Missouri corporations have all the time they want to get their cannabis firms as a result of “graduation inspection” and prepared to open up, officers with the Missouri Office of Wellness and Senior Products and services explained to the Information-Leader late Monday night. 

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