Local News Video

Growers, dispensaries disagreeing with Mississippi's medical marijuana regulations

Published

7 months ago

October 13, 2024

www.youtube.com – WLOX News – 2024-10-13 11:57:24

SUMMARY: Mississippi’s medical marijuana program, now two years old, faces challenges due to an unfavorable regulatory environment, according to Ken Newberger from the Mississippi Medical Marijuana Association. With 393 licensed cannabis businesses and only 45,000 medical cardholders, the supply exceeds demand. Though sales are projected to reach $100 million this year, dispensary owners express concerns over high license fees and heavy taxation. The regulatory framework, influenced by federal prohibition, complicates profitability despite state legalization. Newberger believes that potential federal rescheduling of cannabis could improve the situation, but overall, the market’s slow growth poses ongoing issues for cannabis businesses in Mississippi.

Some growers and dispensaries are saying the state’s regulations are not business-friendly.

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www.youtube.com – WLOX News – 2025-04-30 10:17:23

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Published

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Staff Editor

www.youtube.com – WXXV 25 – 2025-04-30 08:06:33

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Local News Video

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13 hours ago

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www.youtube.com – WLOX News – 2025-04-30 06:48:11

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