Great news for those looking to start a cannabis business in West Virginia – the state will begin accepting dispensary applications. It has been long overdue, but entrepreneurs will be able to make their move beginning December 19, 2019. Medical patients will be able to access their medicine within 18 months.
West Virginia Cannabis Laws
West Virginians have been without medical marijuana for far too long, and people with serious medical conditions have needlessly suffered.
In 2017, a medical marijuana bill passed in the state. However, there was confusion and concern regarding how West Virginia would handle tax revenue but comply with Federal law.
Safe cannabis banking
In March of 2018, a separate bill was passed. This one was huge for clearing up how businesses would operate financially. The legislation grants protection to the treasurer and state employees for those involved in cannabis banking. This is huge because as you probably know, traditional banks are very wary to do business with cannabis businesses.
In West Virginia, there is a medical marijuana vertical integration bill. What this means is businesses can grow, process, and sell a product, assuming they have the right permits and licenses.
Money and jobs stay local
While some states have seen the cannabis market be overtaken by corporations, this will not happen in West Virginia. The very same bill permitting vertical integration states that only West Virginia companies are allowed to apply for a cannabis license or permit. This will keep jobs, money, and opportunity within the state, improving the economy of West Virginia.
West Virginia Cannabis Licensing
You can submit your application to the West Virginia Department of Health and Human Resources Bureau for Public Health for a growers license, dispensary license, or lab permits. The application process is online, which makes things easy. You can find the West Virginian Cannabis Application here.
How long is the application process open?
The state will leave the application process open for 60 days, closing the window on February 18, 2020. So, you if you don’t already have your documentation in place, along with a solid business plan for your dispensary, you need to act now.
If you are not sure what your next steps should be, you can reach out to me and I’ll point you in the right direction. This is going to be a hectic, but fulfilling process, and I can be a resource to you whenever you need. If you want to learn more about what we do at Cannabis Consulting Nationwide, give me a ring. I was able to secure my own licenses in Washington state, and Cannabis Central (my legal, compliant, violation-free dispensary) still operates today. You can contact me here – looking forward to chatting with you!