Missouri Caught In 'Goldilocks' Situation As It Tries To Set Medical Marijuana Supply

The Missouri Department of Health and Senior Services said it will distribute 338 licenses to grow and sell medical marijuana. The number is far less than the 510 hopefuls who have already paid application fees with hopes of receiving a license.

These licenses are for different aspects of the medical marijuana pipeline: 60 to cultivate marijuana, 192 to dispense and 86 to manufacture marijuana-infused products.

Even though the number of licenses to be issued is the minimum of what the law allows, a report from University of Missouri economists indicates that might be too much based on demand in other states with similar laws.

“My gut reaction tells me we probably don’t need 60 cultivating licenses to supply the market the first few years,” said Joe Haslag, who authored the report with two other economists.

https://news.stlpublicradio.org/post/missouri-caught-goldilocks-situation-it-tries-set-medical-marijuana-supply