Home Financial responsibility Some Alabama dispensaries are hesitant to apply for medical marijuana licenses

Some Alabama dispensaries are hesitant to apply for medical marijuana licenses

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HUNTSVILLE, Ala. (WHNT) – While some dispensary companies are eager to apply for a medical marijuana license, others are not. With heavy financial regulations, some CBD companies are considering providing the alternative.

With the option of paying a $40,000 annual fee regulated by the Alabama Medical Cannabis Commission (AMCC) to maintain a license to sell medical marijuana, some CBD dispensaries are a little hesitant to complete an application.

“We’re a little reluctant to jump in just because of the $2,500 application fee which is non-refundable whether or not you get the license, as well as the license fee and annual renewal fee,” Jason said. Rodgers, a budtender at The Green Lady CBD Dispensary.

Even with the need for medical marijuana suppliers, some local businesses do not have the financial means to bear the costs.

“Once you get approval, you’ll have to move on, you’ll have to have the infrastructure to set up a store to grow medical marijuana and then distribute it properly,” Rodgers explained.

Another factor that local businesses take into consideration is the sustainability of selling medical marijuana. If they don’t have enough people to buy the product, they won’t have the money to cover the cost of the sale, which could create other financial burdens.

Companies like RX Connections jumped on the demand for an integrated license. If approved, it could cost $50,000 a year.

“I think the state here very wisely decided not to give these licenses to the rich and powerful, but to give them to people who have the financial means to undertake something so expensive and so complicated. than that,” Troy said. King, attorney for RX Connections and former attorney general of Alabama.

King says the company understands the financial responsibility and strength it takes to maintain a supply for those who need it.

“It’s medical care for people with very serious chronic conditions and chronic pain that people can’t get relief from,” King said. “It’s going to provide an alternative that Alabama people can’t get right now.”

“It’s not going to be easy at all for anyone to get medical marijuana or grow it and sell it,” Rodgers concluded.

According to the SMAC website, only those who submit a “business application request” will receive a business application form. These forms will be given to anyone who requests them on October 24th.

The SMAC also put a cap on the number of licenses for dispensaries in the state. This limit is maintained at four.

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