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US (NC): The high costs of MMJ licensing in North Carolina

It’s the third version of a North Carolina medical marijuana bill Lorenzo McNulty has seen. It’s also the version that has given him the most hope to pass the House and Senate.

“I say extremely confident because a lot of the things regarding health and safety that are now written in the bill,” added McNulty, who is the owner of McNulty Manor Cannabis Company. “We were already doing, uh, you know, that’s a standard of our company anyway.

McNulty has been in the hemp business for the last six years and plans to be one of the companies applying to be a medical marijuana supplier if the legislation passes in Raliegh.

The fees for obtaining a license are steep. “That means to file the application, to throw your name in the hat, $50,000.” Then it is an additional $5,000 for each location that will sell medical cannabis, and every employee who is working for the company needs a license as well. That’s $250 dollars a person. Not to mention the equipment and set up cost. McNulty feels there may be companies forming partnerships because the price will be extremely high for suppliers 


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