Cannabis Status: Medical Only
Applications Open Between July 1st and August 31st, 2024
Kentucky will open its application period for initial medical cannabis business licenses from July 1st to August 31st, 2024. The state plans to issue a range of licenses, including 10 Tier 1 Cultivator licenses, 4 Tier 2 Cultivator licenses, 2 Tier 3 Cultivator licenses, 10 Processor licenses, and 48 Dispensary licenses, with no limit on Safety Compliance Facility licenses. The licensing process will be managed on a regional basis, with specific caps set for the number of licenses available in each region. If the number of complete applications received exceeds the number of licenses available, the state will employ a lottery system to allocate licenses. Additionally, all applicants must provide a physical address for their business and furnish appropriate documentation, such as a deed or lease, to demonstrate authorized use of the property. Given this real estate requirement, prospective applicants are advised to start securing suitable locations immediately.
Name: Kentucky
Population: 4,509,000
Median Income: $60,183
Cannabis Uses: Cultivator, Processor, Producer, Dispensary, Cannabis safety compliance facility
State Cannabis Overview: Kentucky is poised to begin medical marijuana sales at the start of 2025. State agencies recently released a first round of regulations for the industry and information on an application process will be forthcoming in the near future.
