Members of the Alabama Medical Cannabis Commission (AMCC) voted to reduce most marijuana business license fees by 25% during a Thursday meeting.
With annual license fees ranging from $30,000 to $40,000, the regulatory agency will lose revenue totaling $147,500, AMCC spokesperson Brittany Peters told 1819 News.
ADVERTISEMENT
“It’s just a one-time reduction,” Peters said.
“They’ll return to the fee schedule that was adopted by the commission in 2022 after that.”
Several Alabama medical marijuana cultivators that won licenses in December 2023 asked for the fee reduction, arguing that operations are stalled by ongoing legal arguments about the licensing process.
Oral arguments are set for Jan. 13 in one medical marijuana-related lawsuit.
ADVERTISEMENT
“It costs a lot
Read full article on Marijuana Business Daily