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Home»Business & Industry»Montana Gov. Signs Bill Extending Moratorium on Cannabis Licenses
Business & Industry

Montana Gov. Signs Bill Extending Moratorium on Cannabis Licenses

May 26, 2023Updated:May 26, 2023No Comments2 Mins Read
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Montana Gov. Signs Bill Extending Moratorium on Cannabis Licenses
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Montana Gov. Greg Gianforte (R) on Tuesday signed laws extending the state’s moratorium on hashish licenses for one more two years, KTVH experiences. Beneath the legislation, the moratorium solely permits medical hashish firms that have been licensed as of 2020 to acquire adult-use licenses. 

The measure does embrace language that may permit 16 medical hashish suppliers to hitch the state’s adult-use market, which had been in limbo as a result of timing of the adult-use licensing course of and the primary moratorium.

Gianforte additionally signed a invoice permitting the state’s tribes to broaden their medical hashish operations in the identical means as different companies that maintain hashish licenses within the state. Every of the state’s eight tribes was assured one hashish license; nevertheless, state regulators decided that, due to the way in which the legislation was worded, these licenses can be restricted to a really small cultivation space. The invoice signed by the governor clarifies these guidelines.  

The laws additionally will increase the licensing charges for companies that function a number of dispensaries from $5,000 for every dispensary to $5,000 for the primary, $10,000 for the second, and a $5,000 for every extra location.  

Moreover, the invoice consists of provisions requiring that any doctor who certifies greater than 39 sufferers for medical hashish playing cards in a single 12 months undergoes a evaluate by the state.  

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