Kentucky Advances Medical Cannabis Licensing Schedule

1.4 min readPublished On: April 19th, 2024By

NEW YORK- Kentucky Governor Andy Beshear has signed House Bill 829 into law, accelerating the schedule for the state’s medical cannabis licensing to July this year from the previously set January next year. This move aims to hasten the launch of the medical cannabis industry in Kentucky.

New Licensing Period and Lottery System

The new application window for medical cannabis company licenses is set from July 1 to August 31. The state plans to implement a lottery system to distribute 48 dispensary permits across 11 regions, with an additional 10 permits designated for processors. The first lottery draw is scheduled for October, and it will ensure that each region receives at least four dispensaries, although no county, aside from Jefferson and Fayette—the state’s largest—will have more than one dispensary.

Application Requirements

Prospective businesses are required to submit a comprehensive set of documents along with their application fee. These documents include details of the business history, operation plans, ownership and financial information, business location, and site plans, as outlined by Spectrum News 1.

Current Status and Legislative Developments

Despite the expedited licensing process, Kentucky’s timeline for initiating medical marijuana sales might still see further adjustments depending on readiness levels among industry stakeholders and regulators. Additionally, Governor Beshear has called for an expansion of the list of qualifying conditions for medical cannabis patients, though the state legislature has not approved this expansion. Currently, eligible conditions include cancer, severe pain, epilepsy and other seizure disorders, multiple sclerosis, muscle spasms, chronic nausea, and post-traumatic stress disorder.

This legislative and regulatory shift marks a significant step in Kentucky’s approach to medical cannabis, focusing on structured expansion and accessibility for patients in need.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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