The wait is finally over! The Florida Department of Health’s Office of Medical Marijuana Use released Emergency Rule 64ER22-9 this morning, setting the stage for how the department will handle the highly anticipated upcoming Medical Marijuana Treatment Center (MMTC) license application round.
MMTC licenses are arguably the most valuable marijuana businesses in the world, each one allowing unlimited cultivation, processing and dispensing locations. This morning’s application rule release is a welcome development for those parties who have been patiently waiting to participate in the Sunshine State’s marijuana industry.
Notably, the department plans to issue future MMTC licenses via several “batching cycles” as opposed to having a single application round. The department will issue an additional informative rule in the future, which will lay out the application window for the batching cycles and the available number of MMTC licenses to be issued in each batching cycle.
The department will require a non-refundable application fee of $146,000, due each time an applicant applies. The actual application and instructions are anticipated to be posted on the OMMU’s website soon. Stay tuned!
