New regulations for medical and recreational marijuana businesses will go into effect today.
Renewal fees for medical marijuana licenses have decreased, and the way in which retail marijuana grow facilities are categorized has changed to be more specific; plant numbers are broken into smaller unit sizes.
Overall, it’s now more expensive to set up a dispensary that serves medical patients rather than one that sells only recreational cannabis. Initial application fees for medical centers range in cost from $6,000 to $14,000 and are separated into three tiers. After the initial application fee, businesses must pay additional licensing fees that need to be renewed annually.
