Medical cannabis businesses in South Dakota will be required to pay substantially more for their state registration certificates starting later this year. The price of the annual certificate will rise to $9,000. It's currently $5,310.
The state Department of Health oversees South Dakota's medical cannabis program. The department set the amount at $5,000 in state rule three years ago when the program began. That was the maximum set in state law that voters passed in 2020.
The law and the rule call for the amount to be adjusted annually for inflation. That's how the original $5,000 grew to the current $5,310.
During the 2024 South Dakota legislative session, state Health Secretary Melissa Magstadt asked state lawmakers to raise the fee, so that the program could fulfill the requirement in state law that it break even financially.
Read more at keloland.com