Small businesses in Kentucky fear their chances of getting a license aren’t as high as their large, out-of-state competitors. Here’s why.
LOUISVILLE, Ky. — By early Thursday morning, the Kentucky Medical Cannabis Program stated that there were 1,227 applications total for a medical cannabis business license.
The vast majority of those applications, 1,002, were for dispensaries.
However, on Friday evening the program’s website, updated the numbers to 1,851 total applications, with a huge boost to 1,593 applications just for dispensaries.
That was by 7:07pm Thursday night.
If you do the math, that’s approaching $8 million the state has collected so far in $5,000 non-refundable application fees for dispensaries alone.
With the influx of applications, and just 48 dispensary licenses statewide, it’s clear winners will be decided in a lottery in October.
At this point, each application has a 3% shot of getting picked.
Kentucky small business owner, Dee Dee Taylor, who is hoping to expand on her hemp business with medical marijuana, …