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Kentucky awards licenses to 26 medical marijuana businesses through lottery


Kentucky recently held a lottery to select 26 medical marijuana businesses that were awarded licenses to begin their operations. The selected applicants include cultivators and processors, with 16 cultivators and 10 processors chosen out of hundreds of applications. These businesses will have 15 days to pay their license fees to the Office of Medical Cannabis in order to become operational.

Governor Andy Beshear emphasized that all medical cannabis cultivation, processing, testing, and dispensing will be done within Kentucky, ensuring safe and affordable access to healthcare relief for residents with serious medical conditions. The lottery system was implemented based on best practices from other states with established medical cannabis markets to ensure fairness and transparency in the selection process.

In addition to cultivators and processors, dispensary licenses will be issued in eleven regions across the state, with additional licenses in Fayette and Jefferson counties. A separate lottery for dispensaries will be conducted at a later date. To qualify for medical cannabis by January 1, 2025, individuals must have qualifying medical conditions such as cancer, chronic pain, epilepsy, multiple sclerosis, and more.

The 26 businesses selected in the lottery, including Synapse Remedies LLC and KYP LLC in Jefferson County, are now preparing to contribute to the state’s medical cannabis industry. This milestone signifies progress towards providing healthcare options for those in need and creating employment opportunities within the industry.

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