Regulators start off revoking permits on Missouri marijuana providers that did not open up on time

Botannis Labs once planned to operate a medical marijuana testing lab at 215 N. Grant Ave. near Mother's Brewing Company and Bud's Tire & Wheel off Historic Route 66 in downtown Springfield. But Botannis's state-issued license was revoked March 2, 2021.

Missouri health authorities not long ago started revoking a handful of medical cannabis business permits right after most of the state’s would-be cannabis providers weren’t prepared to open up for business roughly a 12 months just after winning the licenses, which would allow for them to grow and sell the plant for lawful sufferers provided they met their “graduation” deadlines.

Lots of of Missouri’s cannabis firms bought extensions on their running deadline, the News-Chief described previous thirty day period. A trade affiliation consultant mentioned most providers cited problems stemming from the COVID-19 pandemic and the inevitable hurdles involved in raising capital for an market which is primarily prohibited from applying the regular banking process due to marijuana’s federal position as a managed compound.

But not every company bought an extension, and having one doesn’t imply Missouri companies have all the time they want to get their cannabis businesses by way of “graduation inspection” and prepared to open up up, officers with the Missouri Office of Overall health and Senior Providers told the Information-Chief late Monday night.