TRUL - Alabama Regulator Grants Most Coveted Medical Cannabis Licenses To Five Applicants As Legal Dust Finally Settles | Benzinga
Nearly two weeks after granting 20 medical cannabis licenses for the production, distribution and testing of medical marijuana, the Alabama cannabis regulator has voted to award the most coveted permits – the integrated facility licenses, which allow for vertical integration – to five applicants out of 33.
On Tuesday, Dec. 12, the Alabama Medical Cannabis Commission gave the green light to Trulieve Alabama Inc. – part of Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) – Sustainable Alabama, LLC; Wagon Trail Med-Serv, LLC; Flowerwood Medical Cannabis, LLC and Specialty Medical Products of Alabama. The approved licensees now have 14 days to pay the license fee, which is roughly $50,000, reported WVTM.
Commission chairman Rex Vaughn praised the move.
"I cannot emphasize strongly enough how much I appreciate the commitment and hard work of each Commissioner as we have navigated through this phase of the program," Vaughn said. "The result of these efforts has led to the award of licenses to entities who the Commission has determined are well-suited ...