ST. LOUIS (AP) — Some Missouri business owners looking to profit from the state's burgeoning marijuana industry worry they're at a disadvantage to established out-of-state organizations that have been aggressive in applying to process or sell medical marijuana in Missouri.
The St. Louis Post-Dispatch reports that nearly 700 groups have filed more than 2,000 marijuana business applications in the state. That comes after voters approved a measure last year to legalize marijuana for medicinal purposes in Missouri.
Missouri will issue only 60 licenses to grow marijuana, 86 to make marijuana-infused products and 192 to open dispensaries.
Simply applying is expensive: $6,000 for each dispensary or processing license and $10,000 per cultivation license. The most licenses any one business can win is 11.