[[{“value”:”
Delaware’s Office of the Marijuana Commissioner has received more than 1,260 adult-use cannabis business applications ahead of the September 30 deadline, the Delaware News Journal reports. The state made more than $4 million from application fees as open application fees cost $5,000, microbusiness fees run $3,000 and social equity fees cost $1,000.
The state will hold a lottery to deal out the licenses, the first round, for cultivation licenses, is set for October 24. The applications will first be reviewed by regulators.
More than half of the applications were for “Open Retailer” and social equity retail licenses. Open licenses are for anyone, anywhere in the state. Social equity applications are designated for communities disproportionately affected by past cannabis laws and are intended to benefit people with past cannabis-related convictions and people who have lived for at least five of the past 15 years in “disproportionately impacted areas.” The applicant or someone in their immediate family must also have a prior cannabis-related conviction.
A retail-only lottery is expected to take place in November or early December. Applicants that are selected in the lottery are given conditional licenses and then advance to a more rigorous second round. Applications from hopefuls that are not selected in the lottery will be kept if a second-round applicant is ultimately not awarded a license.
Get daily cannabis business news updates. Subscribe
Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.
Perspective to add? Suggest a revision or submit commentary for review using the form below.
Note: our editors approve comments that provide new and succinct insight to our audience. If your comment is chosen for publishing, it will appear at the end of the article along with your name, job title, and organization. If you have a profile in the Ganjapreneur Business Index, your comment will also include a backlink for reference. If you are suggesting a correction, we will look into the issue further.
TG joined Ganjapreneur in 2014 as a news writer and began hosting the Ganjapreneur podcast in 2016. He is based in upstate New York, where he also teaches media studies at a local university.
Ganjapreneur is made possible by our partners:
“}]] Delaware’s Office of the Marijuana Commissioner has received more than 1,260 adult-use cannabis business applications ahead of the September 30 deadline, the Delaware News Journal reports. The state made more than $4 million from application fees as open application fees cost $5,000, microbusiness f Read More