– Missouri begins granting small-scale cannabis business licenses
– The lottery system determines the winners for Missouri’s microbusiness program
– Two microbusiness dispensaries and four cultivators selected in each of Missouri’s eight Congressional districts
Lottery for Lucrative Licenses
In an unparalleled move for the state’s burgeoning cannabis industry, Missouri has begun the process of dealing out licenses to a new breed of businesses focused on small-scale cannabis operations. In an announcement made on Monday, the winners of the lottery determining who gets to participate in Missouri’s microbusiness program were revealed.
Mixed Make-up of Microbusinesses
To ensure a fair and equitable distribution of licenses, each of Missouri’s eight Congressional districts has been awarded six winners. Of these six, there’s a healthy mix of cannabis industry players, with two spots reserved for microbusiness dispensaries and the remaining four set as cultivators.
The introduction of this lottery system is a strategic effort by the state to diversify the cannabis market and provide business opportunities to more local entrepreneurs.
The Breezy Take
In an industry usually dominated by powerful Titans, this innovative microbusiness program by Missouri is a refreshing attempt to spread the cannabis wealth around. Through this new lottery system, a wider net of entrepreneurs and startups has been given a shot at the lucrative cannabis business. It will indeed be interesting to watch how these awarded microbusinesses will shape the future of Missouri’s cannabis industry. Play your cards right, folks; the pot’s boiling over in Missouri.
Original article: https://missouriindependent.com/2023/08/29/missouri-announces-lottery-results-for-microbusiness-cannabis-licenses/
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