Gov. Tate Reeves signed the Mississippi Medical Cannabis Act into law yesterday, making Mississippi the 37th state to adopt a medical marijuana program. The 445-page law is dense, and we previously summarized its highlights here.
Now that what always seemed to be a pipe dream in Mississippi is a reality, you may ask what individuals and entities interested in entering this budding industry can be doing to best position themselves for success when applications can be submitted in June and July of 2022. Below we discuss some of the new law’s provisions that you should familiarize yourself with in these early stages.
Individuals applying for a license to operate a cultivation facility, processing facility, dispensary, transportation entity, or disposal entity must:
Meet minimum age requirements;
Not have disqualifying criminal offenses;
Be in good standing with agencies with which the individual holds certain other licenses;
Prove ownership of the business;
Not have outstanding tax delinquencies owed to the State of Mississippi; and
Not be a sitting member of the Mississippi Senate or House or a spouse of such a member (disqualifying factor expires on 12/31/2022).
Entities applying for a license to operate a cultivation facility, processing facility, dispensary, transportation entity, or disposal entity must:
Prove authority to act on behalf of the applying entity; and
Prove that the owners, board members,...
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