Ohio will start accepting medical cannabis license applications starting November 4th, 2021. The opportunity to apply for a medical marijuana license in Ohio will close on November 18th, 2021. This is a short time frame for aspiring business owners who want to get into the industry.
So How do You Qualify?
First, you will want to ensure you are eligible. To reduce monopolization, a medical marijuana license holder with five licenses would be disqualified. Additionally, the applicant will need to ensure it can provide proof of assets that are worth over $250,000. Finally, applicants will want to ensure they are able to pass a federal background check. (Refer to Rule 3796:6-2-02 “Applications to operate medical marijuana dispensaries”)
Alright, I Qualify! But What Now?
To begin, you will need to decide what type of business to start, and register with the Ohio Secretary of State. Secondly, you will need to ensure your application is written correctly and all tax documentation or necessary documents are submitted to the department. Next, the fee for a dispensary license is $5,000 which is non-refundable and is due at the time of applying. Any information or fees submitted to the department after 2pm on November 18th, 2021, will not be accepted. Therefore, you will want to be ready. As a result, we offer application writing services HERE.
Don’t Forget Your Standard Operating Procedures:
Most all cannabis applications require Standard Operating Procedures and Ohio is no exception. As a result, we offer Ohio Standard Operating Procedures for marijuana businesses. We know Ohio cannabis rules from Seed to Sale, so, You can use our cannabis SOP’s for your applications, inspections and to help train your staff.
After I apply for a license, what happens next?
It should be noted that if the State of Ohio Board and Pharmacy receives more than 73 applicants, it will randomly draw the winners of these cannabis licenses. Such a method is a common practice when awarding licenses in the industry. The random selection will take place in early 2022.
