MISSOURI CANNABIS CONSULTANTS
Higher Yields Cannabis Consultants offers a full range of cannabis consulting services in all over the United States, including Missouri. Our vertically integrated consulting system offers a complete path from startup to scaling and expansion of your cannabis-related business. If you have any questions or concerns please contact us online or call (844) HI-YIELD and schedule a consultation.
Important Compliance Considerations for METRC in MISSOURI
As part of the most regulated industry in history, cannabis operators face intense scrutiny from local and state governments. METRC, a seed-to-sale tracking system, helps operators stay compliant by creating an easily identifiable chain of custody for each cannabis product. Using METRC makes recalls easy and ensures accountability.
Mandated in 15 states plus Washington D.C., METRC is similar everywhere. However, there are nuances in each state. In order to remain compliant, businesses must be aware of and adhere to their state’s specific regulations.
Similar to a few other states, Missouri requires METRC trainees to take a course and pass an exam. That being said, the state has partnered closely with METRC to develop quality training courses that prepare trainees to pass the exam.
However, since the market for cannabis in Missouri is so small, operators aren’t required to have a POS system. Instead, cannabis businesses can simply input sales data into a spreadsheet and upload it to METRC. This strategy leaves plenty of room for error, so if you’re a Missouri operator, be sure to accurately track your sales data.
Regulatory Status of Cannabis in Missouri
In December 2018, the state of Missouri legalized medical marijuana. Since then, progress for entrepreneurs attempting to begin cannabis operations in Missouri has been slowed by the newness of the program, the overwhelming number of applications submitted for licensing, and COVID-19.
As of June 13th, Missouri gave the go-ahead to a St. Louis-based cultivation facility to begin operations, the first facility so licensed. For everyone else still in the application process, they must follow specific steps to be approved.
Anyone applying for a license should be advised that the Department of Health & Senior Services (DHSS) is only accepting applications for seed-to-sale and transportation at this time. Licenses for cultivation, testing, manufacturing, and dispensaries are unavailable.
If you complete and submit an application to the department, you will receive an approval or denial within 150 days.
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Missouri's Cannabis Market
Competition for a medical marijuana license of any kind in Missouri is stiff. Before the deadline, the DHSS received 2,163 applications for medical marijuana facility licenses.
Missouri DHSS has closed applications for all cannabis licenses besides seed-to-sale and transportation. Licenses for cultivation, manufacturing, dispensaries, and testing labs have been awarded. The DHSS has not yet announced a timeline for opening up the application process again.
Since legalization in December of 2018, the state of Missouri has issued 348 licenses, in the following categories:
While the approval process isn’t easy, those who have managed to secure golden tickets are projected to make serious money. Marijuana Business Daily expects that the cannabis market in Missouri will generate $300 million in annual sales within a few years of launch.
Whether you are waiting for facility applications to open back up or applying for a seed-to-sale or transportation license, you’ll want to be prepared to succeed in a highly competitive cannabis market. Finding success can be stressful and time-consuming.
Luckily, you don’t have to go it alone. Higher Yields Cannabis Consulting is here to help you and your team navigate the tricky terrain of the Missouri cannabis industry and ensure your success. At HYC, our experts will help you every step of the way – from compliance to security, and even marketing. Let our team put you and your cannabis company on the road to success and limitless profits.
Requirements for a Cannabis License in Missouri
While a license or certification does not authorize a facility to begin operations, it’s a big step towards opening your business. Minimum requirements for obtaining a permit (varying by the facility type) are as follows:
- You must be authorized to operate a business in the state of Missouri.
- The entity must be majority-owned by Missouri residents of at least one year.
- The entity must not be under substantially common control as another entity.
- The business must not be located with 1000 feet of a school, daycare facility, or church.
- You must be eligible to operate in your local jurisdiction.
- The company cannot be owned, partially or in whole, or have any contributing member with a disqualifying felony offense.
In addition, anyone involved with the facility at any level must submit fingerprints for a criminal background check. Instructions for fingerprint submittal, as well as all steps regarding the pre-license state, after-license measures, and license denial appeals, are available on the DHSS website.
Missouri Cannabis Consulting services
At Higher Yields Cannabis Consulting (HYC), our cannabis consultants are here to help you with planning and building your business in Missouri. Everyone on our team is 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 in this state.
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Missouri Industrial Hemp
Farmers in Missouri will be able to cultivate hemp for the first time in more than 70 years come 2020.
Cultivators will need to acquire a permit from the Missouri Department of Agriculture to get started. The applications are online and have begun to be processed since the start of 2020.
If you need help or have questions please be sure to contact us and our team of hemp consultants can assist you.
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