Via Monday, the state has culled almost $6 million in license and one-time utility charges from dispensaries, cultivators, transportation firms, processors, and testing operations within the state.

By Brent Addleman, The Heart Sq. 

With the medical marijuana program nonetheless in its infancy in Mississippi, the state is already raking in income.

Via Monday, the state has culled almost $6 million in license and one-time utility charges from dispensaries, cultivators, transportation firms, processors, and testing operations within the state, in keeping with info posted on the state’s Division of Well being web site.

Whereas gross sales aren’t anticipated to start till November, there are already 113 licensed dispensaries on file with the state’s Division of Income, the entity gathering charges and taxes.

The Division of Well being didn’t reply to inquiries for this story.

The state has already gained $4.52 million in income from licensing and functions charges for dispensaries by way of late September, and that income will solely proceed to rise as soon as gross sales start later this yr. All instructed, simply by way of licenses and costs, the state has collected $5.785 million.

When gross sales do start, medical marijuana will probably be topic to a seven % state gross sales tax.

For the primary yr of this system, the state’s Division of Well being has arrange one-time charges of $40,000, which is comprised of a $25,000 license price and a $15,000 nonrefundable utility price, for dispensary licenses. Yearly renewals are set at $25,000.

Dispensary licenses are good for one yr, whereas cultivation licenses are good for simply 4 months, which falls simply past the 90-day gestation interval for medical marijuana crops. Transportation, processing and disposal license are additionally good for simply 4 months.

For transportation licenses, there’s a one-time utility price of $5,000 and a license price of $7,500. The identical charges are utilized to disposal licenses.

That state has introduced in $905,000 for cultivation licenses, $175,000 for processor licenses, $110,000 for micro-cultivation licenses, and $12,500 for disposal licenses; $37,500 for transportation companies; and $25,000 for testing services.

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Below the Mississippi Medical Hashish Act, often known as Senate Invoice 2095, which was signed into regulation on February 2, sufferers will have the ability to purchase flower, concentrated hashish merchandise, extracts, and different merchandise infused with hashish, which incorporates edibles, drinks, topical merchandise, ointments, and oils.

Taxes beneath the regulation are set at 5 % for cultivators when promoting to dispensaries and 7 % on gross sales at dispensaries to sufferers, in keeping with the regulation.

Medical marijuana playing cards will probably be out there to qualifying sufferers by way of the Division of Well being, and carry a nonrefundable price of $25, except veterans and disabled first responders who could have charges waived. Medicare sufferers pays simply $15 for a card.

Qualifying circumstances embrace most cancers, Parkinson’s illness, Huntington’s illness, muscular dystrophy, glaucoma, spastic quadriplegia, HIV, AIDS, hepatitis, amyotrophic lateral sclerosis;

Additionally, Crohn’s illness, ulcerative colitis, sickle-cell anemia, Alzheimer’s illness, agitation of dementia, post-traumatic stress dysfunction, autism, ache refractory to applicable opioid administration, diabetic/peripheral neuropathy;

And likewise, spinal twine illness of extreme damage, or the therapy of a continual, terminal, or debilitating illness.

Sufferers, in keeping with the regulation, will probably be permitted to buy 21 grams per week and 84 grams per 30 days. That works out to 2.96 ounces per 30 days, and simply 0.74 ounces per week.

This story was first revealed by The Heart Sq..

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The publish Mississippi Brings In $6 Million From Medical Marijuana License Charges Earlier than Gross sales Even Start appeared first on Marijuana Second.