US (OH): Ohio's strict company ownership rules

When other states started their medical cannabis programs, "people were submitting these great applications, and they would get their provisional licenses, and they would sell them,” said Cameron McNamee, director of policy and communications for the Ohio Board of Pharmacy, which licenses medical cannabis dispensaries.

Ohio officials wanted to prevent that from happening here, McNamee said.

Secondly, anyone seeking to buy a medical cannabis license in Ohio must go through the same criminal-background and credit checks as the original applicant.

"The state is interested in making sure licenses are owned and controlled by quality operators,” said Thomas Rosenberger, associate director of the Ohio Medical Cannabis Cultivators Association. “The regulators won't approve a sale to just anyone. They want to make sure that the folks who are purchasing the entity are still following the rules."

Lastly, medical cannabis businesses are entitled to sell only an operating license, which permits a company to open a dispensary, cultivator and processor. They can’t sell the provisional license, which permits them to set up shop.

An operating license is awarded after state inspectors determine that the company lived up to the promises in its application.


Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber