A bill to legalize a medical marijuana program in the state of Nebraska was recently introduced by Senator Anna Wishart. If passed, the bill would allow qualifying patients to access medical marijuana from state-licensed dispensaries.
A public hearing was held for the bill on January 25, 2019. Opposition was present, but many individuals in support of the bill shared information about regulating cannabis, the scientific evidence behind its therapeutic potential, and personal testimonies of how marijuana has helped treat certain conditions. The bill will go before several House and Senate committees for approval before being sent to the Governor’s desk for a signature.
Nebraska Medical Marijuana Business Opportunities
The bill would establish a state-regulated dispensing system of licensed medical marijuana businesses. A new regulating division known as the Marijuana Enforcement Division would be tasked with issuing ten (10) licenses of each medical marijuana business type by November 2020:
Dispensary – an entity registered by the division to acquire, possess, or dispense cannabis or cannabis products
Processor – a person or entity registered by the division to process harvested cannabis materials into medically viable cannabis products
Producer – a person or entity registered by the division to manufacture, plant, cultivate, grow, or harvest cannabis
An application fee of $25,000 would be required upon application submission. The division shall establish and collect an annual fee not to exceed $40,000 from each licensed producer, an annual fee not to exceed $40,000 from each licensed processor, and an annual fee not to exceed $25,000 from each licensed dispensary.
Begin Preparing for Nebraska Medical Marijuana Business License Applications
If you want to open a medical marijuana business in Nebraska when the state legalizes a program, it’s best to start preparing now. Begin educating yourself on all that will be involved in an application process to obtain a medical marijuana business license with our Marijuana Business Application Guide & Checklist.
The guide includes a detailed summary and checklist of over 100 action items to be completed prior to submitting your application, and covers topics such as financial modeling, real estate tasks, staffing, and more!