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Mississippi Cannabis Regulations

Mississippi Cannabis Regulations

Higher Yields Cannabis Consultants offers a full range of cannabis consulting services to help you navigate the Mississippi cannabis regulations. Our vertically integrated consulting system offers a path to business success. From startup to scaling and expansion of your cannabis-related business and everything in-between our team of industry experts can help. If you have any questions please contact us online or call (844) HI-YIELD.

Important Wins from the 2020 Election: Mississippi

With cannabis legalization being a bipartisan issue it should come as no surprise that initiative 65 passed in Mississippi. However, supporters of the initiative had every reason to be worried that the initiative wouldn’t pass when the state legislature added an alternative version of initiative 65 called 65A. This alternative initiative was far more limiting in the number of qualifying conditions and did not set out a timetable for establishing a regulated market. Voters in Mississippi however chose the original initiative 65 in overwhelming numbers passing the initiative at a rate of 76% one of the largest margins of victory for a cannabis ballot initiative. Aside from the historic victory the reason, the cannabis legalization movement and interested cannabis businesses should be thankful for the win in Mississippi.

The initiative that was passed, Initiative 65, has the following qualifying conditions: cancer, epilepsy or other seizures, Parkinson’s disease, Huntington’s disease, muscular dystrophy, multiple sclerosis, cachexia, Post-traumatic stress disorder, positive status for HIV, AIDS, chronic or debilitating pain, ALS, glaucoma, Agitation of Dementia, Crohn’s disease, Ulcerative Colitis, Sickle Cell Anemia, Autism with aggressive or self-injurious behavior, pain refectory to appropriate opioid management, spinal cord disease or severe injury, intractable nausea, severe muscle spasticity, or another medical condition of the same kind of class to those included and for which a physician believes the benefits of using medical cannabis would reasonably outweigh any potential health risks. This leads to a very large potential patient pool and a program that is accessible to numerous patients. The position limits for medical patients in Mississippi are 2.5 ounces of medical marijuana at one time and not more than 2.5 ounces 
can be provided to a patient in a 14-day period.

This win for Mississippi cannabis patients may also include a windfall for the state’s budget. With a tax rate set at 7% and the state projecting potential patient base of 50,000 patients the state estimates that they may make $2.5 million in patient ID card registration fees alone though our projections from Bridge West CPAs puts a little bit lower we project the total patient consumer base to be closer to 1.5% of the state population which is closer to 47,000 patients. The estimated tax collections for the state in the first year based off of this more conservative estimate would be closer to about $4.6 million in the second year to $9.5 million nearly doubling the first year’s revenue and increasing to $14.6 million in the third year. This is also likely to create potentially 1,029 jobs in the first year 2,100 jobs in the second year and 3,213 jobs by the third year. The legislative budget office fiscal analysis for initiative 65 placed an anticipated revenue number at $13 million including $2.5 million for user ID cards, commercial license fees equaling about $500,000, and sales fees at 7% bringing in $10 million. While these are very rosy figures, we trust the experience of the Bridge West CPAs team whose more conservative projections are based on the experiences of states that came before.

Mississippi Cannabis Regulations Updates: Congratulations to the Magnolia State

On November 3rd, 2020, Amendment 65, a constitutional ballot initiative, was passed. This initiative legalized medical cannabis in the state of Mississippi specifically for people with debilitating conditions. In terms of licensing, Amendment 65 states: “The rules and regulations shall not limit the number of licensed medical marijuana treatment centers nor set the price of medical marijuana.” This means that Mississippi will not be limiting licenses for medical marijuana treatment centers, allowing more access to patients in the state.

Amendment 65 allows for qualifying patients to possess up to 2.5 ounces at one time. Additionally, all sales will be taxed at 7%, and no patient ID registration card for qualifying patients should exceed the cost of $50. Zoning is a particularly important aspect to pay attention to in Mississippi, as amendment 65 states that “No medical marijuana treatment center shall be located within five hundred (500) feet of a pre-existing school, church, or licensed childcare center.”

Be sure to sign up for the Higher Yields Consulting Newsletter to receive updates on the finalized Mississippi cannabis regulations and their Request for Applications, as they become available!

Mississippi Cannabis Regulations

History of Cannabis in Mississippi

Decriminalization policies in Mississippi have been in place since 1978, which allows a person in possession of up to 30 grams of marijuana to receive a citation and a fine of up to $250 in lieu of incarceration on the first offense. However, the possession of a larger amount or a repeat offense is likely to provoke a harsher sentence, including the possibility of jail time. 

It is stated in Amendment 65 that it will not, “Affect or repeal laws relating to the use of marijuana that is not intended for use for a debilitating medical condition.” This means everything stated above will still hold true unless a person is a qualifying Medical Cannabis cardholder following the rules and Mississippi cannabis regulations that are set forth. This means that mindful navigation is key when entering this newly emerging cannabis market.

As it relates to Industrial Hemp in Mississippi, the passage of the 2018 Farm Bill paved the way for the legal cultivation of industrial hemp throughout the nation. That, in turn, has allowed many states to profit from this new agricultural opportunity. Unfortunately, Mississippi is not one of them. It is one of the four states where growing low THC hemp plants, even for purely industrial use, remains against the law.

Despite a 2020 ballot initiative that would allow farmers to grow industrial hemp, The University of Mississippi remains the sole currently authorized entity to cultivate any type of cannabis plant within the state at this time. 

Since CBD that is produced from industrial hemp generally contains only 0.02% THC or less, it can be legally transported across state lines without fear of violating federal law. There are no state restrictions on the use of these types of CBD products, which can be used topically or even in a variety of recipes.  And, although they might be difficult to find outside of Mississippi’s major metropolitan areas, you still have the option of buying them online and having your order shipped directly to your home or post office box.

Important Wins from the 2020 Election: Mississippi

With cannabis legalization being a bipartisan issue it should come as no surprise that initiative 65 passed in Mississippi. However, supporters of the initiative had every reason to be worried that the initiative wouldn’t pass when the state legislature added an alternative version of initiative 65 called 65A. This alternative initiative was far more limiting in the number of qualifying conditions and did not set out a timetable for establishing a regulated market.

Voters in Mississippi however chose the original initiative 65 in overwhelming numbers passing the initiative at a rate of 76% one of the largest margins of victory for a cannabis ballot initiative. Aside from the historic victory the reason, the cannabis legalization movement and interested cannabis businesses should be thankful for the win in Mississippi.

The initiative that was passed, Initiative 65, has the following qualifying conditions: cancer, epilepsy or other seizures, Parkinson’s disease, Huntington’s disease, muscular dystrophy, multiple sclerosis, cachexia, Post-traumatic stress disorder, positive status for HIV, AIDS, chronic or debilitating pain, ALS, glaucoma, Agitation of Dementia, Crohn’s disease, Ulcerative Colitis, Sickle Cell Anemia, Autism with aggressive or self-injurious behavior, pain refectory to appropriate opioid management, spinal cord disease or severe injury, intractable nausea, severe muscle spasticity, or another medical condition of the same kind of class to those included and for which a physician believes the benefits of using medical cannabis would reasonably outweigh any potential health risks. This leads to a very large potential patient pool and a program that is accessible to numerous patients.

cannabis hospitality lounge
startup-cannabis

The position limits for medical patients in Mississippi are 2.5 ounces of medical marijuana at one time and not more than 2.5 ounces can be provided to a patient in a 14-day period. This win for Mississippi cannabis patients may also include a windfall for the state’s budget. With a tax rate set at 7% and the state projecting potential patient base of 50,000 patients the state estimates that they may make $2.5 million in patient ID card registration fees alone though our projections from Bridge West CPAs puts a little bit lower we project the total patient consumer base to be closer to 1.5% of the state population which is closer to 47,000 patients.

The estimated tax collections for the state in the first year based off of this more conservative estimate would be closer to about $4.6 million in the second year to $9.5 million nearly doubling the first year’s revenue and increasing to $14.6 million in the third year. This is also likely to create potentially 1,029 jobs in the first year 2,100 jobs in the second year and 3,213 jobs by the third year.

The legislative budget office fiscal analysis for initiative 65 placed an anticipated revenue number at $13 million including $2.5 million for user ID cards, commercial license fees equaling about $500,000, and sales fees at 7% bringing in $10 million. While these are very rosy figures, we trust the experience of the Bridge West CPAs team whose more conservative projections are based on the experiences of states that came before.

Contact Us to discuss cannabis Licensing Opportunities in Mississippi

If you are looking to attain a license for hemp or cannabis in Mississippi Higher Yields Cannabis Consulting can help. Our team of cannabis licensing experts and cannabis application technical writers has had great success helping newcomers and experienced operators attain licenses in Mississippi .

Mississippi Cannabis Regulations

Although the state happens to be one of the 26 states that has decriminalized cannabis in one way or another, Mississippi cannabis regulations impose some of the strictest restrictions on use and possession. 

Decriminalization policies in Mississippi have been in place since 1978, which allows a person in possession of up to 30 grams of marijuana to receive a citation and a fine of up to $250 in lieu of incarceration on the first offense. However, the possession of a larger amount or a repeat offense is likely to provoke a harsher sentence, including the possibility of jail time.

The sentences in Mississippi for the felony possession and sale of cannabis are still some of the toughest in the nation. Jail terms can be handed down that can range from 3 to 30 years, along with fines from $3,000 up to $100,000.

young cannabis plant

Mississippi Cannabis Consulting services

At Higher Yields Cannabis Consulting (HYC), our cannabis consultants are here to assist you with planning and building your cannabis business in Mississippi . Our team of canna advisors are well-versed in local laws on compliance, and we offer services that assist you in building your brand, creating your marketing plan, designing your website and assets, crafting your social media presence, and much more to help your business see success.

Startup

Our team of cannabis consultants has decades of combined experience with cannabis business startups offering a full range of services. From licensing to accounting.

Design Build

HYC has an in-house cannabis facility design and build team led by a 3rd generation HVAC expert. We've built facilities all over the USA as well as internationally.

Compliance

Our cannabis compliance team is one of the best in the country. Offering a full range of compliance services as well as Metrc auditing, training, and more.

Branding

Our in-house team of graphic designers, brand creators, and marketers has over 50 years of combined experience. They are also well-versed in the plant and the industry itself.

Contact us at (844) HI-YIELD to learn how we can assist you.

medical cannabis licensing

Medical Marijuana

Although it may seem hard to fathom, medical marijuana is still illegal in Mississippi. Unlike many states where a physician determines a patient’s need for medical cannabis products, Mississippi only allows it for a handful of patients suffering from intractable epileptic conditions. The law forbids patients from medicating with flowers, and only provides them with access to 5% THC cannabis oil, which is available exclusively through the University of Mississippi.

Legally certified dispensaries are not yet allowed within state borders, and the concept of Mississippi ever legalizing recreational weed remains a distant vision for a future time.

Industrial Hemp Cultivation

Passage of the 2018 Farm Bill paved the way for the legal cultivation of industrial hemp throughout the nation that, in turn, has allowed many states to profit from this new agricultural opportunity. Unfortunately, Mississippi is not one of them. It is one of the four states where growing low THC hemp plants, even for purely industrial use, remains against the law.

Despite a 2020 ballot initiative that would allow farmers to grow industrial hemp, The University of Mississippi remains the sole currently authorized entity to cultivate any type of cannabis plant within the state.  

Schedule a Consultation to Discuss our Hemp Business Services

Whether you already own a hemp business or want to get into the business our hemp consultants can help. We offer brokering services as well as the usual gamut of business services.

CBD Products

Since CBD that is produced from industrial hemp generally contains only 0.02% THC or less, it can be legally transported across state lines without fear of violating federal law. There are no state restrictions on the use of these types of CBD products, which can be used topically or even in a variety of recipes.  And, although they might be difficult to find outside of Mississippi’s major metropolitan areas, you still have the option of buying them online and having your order shipped directly to your home or post office box. 

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Address 2590 Walnut St., Denver, CO, 80205

Email info@higheryieldsconsulting.com

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