Business, schools and some government offices have closed down or reduced resources but we’ve still seen a few bright and interesting spots of license issuance. In the last week Maine issued their first conditional licenses while Oklahoma has continued to generate licenses across the value chain and we dig into alligators in the Florida CBD Processor Market.
Maine issued 31 conditional licenses last week covering cultivation, manufacturing and retail. Some industry watchers have pointed out that this state has taken the longest to implement as Maine voters approved the adult use, retail sale and taxation of marijuana way back in November 2016.
Maine’s program has been unique in many ways. Their medical program issued 8 dispensary licenses and currently has 2,634 caregivers. In researching the companies with conditional licenses, many of them are already in business with established websites, Facebook accounts and customers. They’ve been operating as caregivers and are already a part of the cannabis infrastructure.
Why Is This Important?
It makes Maine a little bit like California. California had collectives that operated as local dispensaries throughout the state. When legalization came these organizations and the professionals that worked their transitioned into a regulated, mainstream business (successfully or not is a fair question). Compare this to other states that implement limited license medical programs with high fees and hurdles where it takes close to a year to get cannabis on shelves. I think Maine will be more like California than Maryland.
One other observation from looking at the list of conditional licenses and applicants – we have not spotted any MSO’s in the mix. They might be lurking in an LLC somewhere but few may want to complete in such an established and sparsely populated state.
Although we have seen a slowing down of license issuance in OK, there are still people willing to part with $2,500 for their shot at the green rush. $912,500 in licensing fees purchased this collection of 365 licenses:
The Sooner State is now home to 2,362 dispensaries which is one for every 1,669 residents. In New York it is one dispensary for every 500,000.
Last week I wrote about Florida licensing retail food establishments that were permitted to sell CBD. Since then we’ve added 322 licenses of companies who can process CBD into food. Florida has 28 different categories of Food Establishments that includes Wholesale Bakeries, Cold Storage and Honey Processor – but the most notable would be Alligator Processor – and there is only one in the whole state:
Copyright © 2020 by CNB Media LLC dba Cannabiz Media Source: Cannabiz Media License Database www.cannabiz.media
Why Does This Matter?
It doesn’t. They’ve answered the question that no one asked – but will it still taste like chicken?
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Cannacurio is a weekly column from Cannabiz Media featuring insights from the most comprehensive license data platform.
Ed Keating is a co-founder and Chief Data Officer of Cannabiz Media and oversees our data research and government relations efforts. He has spent his whole career working with and advising information companies in the compliance space. Ed has overseen complex multijurisdictional product lines in the securities, corporate, UCC, safety, environmental and human resource markets and focuses on workflow products over the last twenty five years. During that time he has worked for both startup and established information companies where he has led marketing, product management and sales organizations. These companies include Wolters Kluwer/Commerce Clearing House, CT Corporation, EDGAR Online and Business & Legal Reports. At Cannabiz Media Ed enjoys the challenge of working with regulators across the globe as he and his team gather corporate, financial, and license information to track the people, products and businesses in the cannabis economy. Ed graduated from Hamilton College and received his MBA from the Kellogg School at Northwestern University.