GTBIF - Ohio Medical Marijuana Companies Transition To Recreational Market Sales Expected Soon | Benzinga
Ohio’s medical marijuana companies are gearing up to enter the legal recreational cannabis market following recent regulatory approvals.
Dual-use applications for existing medical marijuana dispensaries that want to sell recreational cannabis products should be available by June 7, according to Jamie Crawford, spokesperson for the Ohio Department of Commerce.
??"Given the foundation already laid through the Medical Marijuana Control Program, current medical permit holders positioned to apply for dual-use status who have already undergone many of the comprehensive checks are anticipated to have a much quicker turnaround for issuance of licenses over the summer," Crawford said.
Companies exclusively seeking to sell recreational marijuana will have separate application opportunities.
Weed Companies Ready To Roll
Green Thumb Industries (OTC:GTBIF), PharmaCann and the Cannabist Company (OTC:CBSTF) are among key players ready to apply. The DEA’s plan to reclassify marijuana as a Schedule III drug will also reduce tax burdens for these businesses, potentially lowering prices for consumers and ...