Kentucky governor announces lottery to award initial round of medical cannabis business licenses

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 34 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

Andy Beshear News

Health,U.S. News,Business

Gov. Andy Beshear says Kentucky will use a lottery to award licenses to businesses competing to participate in the state’s startup medical cannabis program.

FILE - Kentucky Gov. Andy Beshear responds to a question during an interview, Dec. 19, 2023, in Frankfort, Ky. Kentucky will use a lottery system to award an initial round of licenses to businesses competing to participate in the state's startup medical cannabis program, Beshear announced Thursday, April 18, 2024. – Kentucky will use a lottery system to award an initial round of licenses to businesses competing to participate in the state's startup medical cannabis program, Gov.

“It reduces or eliminates litigation, and it creates a more fair process, not one where people bid against each other and only then the big companies can be a part of it,” the governor said. “But one that provides at least a chance for everyone who can meet the criteria.” Each region will be allocated at least four dispensary licenses, and counties will be limited to one dispensary with the exception of those that are home to Louisville and Lexington, which can have two licenses, Flynn said.Caps on licenses are meant to avoid flooding the market with medicinal cannabis products and exceed demand, which would hurt businesses and patients, the governor said.

Health U.S. News Business

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Turn of Events: Kentucky’s General Assembly Overrides Gov. Beshear’s Regulatory Gaming VetoSenate overturned Governor's decision to veto creation of independent corporation, House agrees by 57-38 vote to make Senate Bill 299 a law.
Source: Covers - 🏆 341. / 59 Read more »

Dem Ky. Gov. Beshear Vetoes Nuclear Energy BillGov. Andy Beshear on Thursday vetoed legislation promoting nuclear energy in coal-producing Kentucky, but stressed his objections dealt with an advisory board and not with the use of nuclear power.
Source: NEWSMAX - 🏆 16. / 71 Read more »

Severe Weather Causes School Closures and State of Emergency Declarations in Ohio and KentuckyMany schools across Ohio, Kentucky and Indiana announced closures or early dismissals Tuesday ahead of the storms. Intense, long-track tornadoes are in the forecast into Tuesday evening for Ohio to Kentucky, including the cities of Cincinnati and Louisville. Tornado watches are in effect from northeastern Mississippi to southern Ohio. There have been numerous reports of flash flooding in eastern Ohio on Tuesday. Ohio Gov. Mike DeWine and Kentucky Gov. Andy Beshear have declared states of emergency due to the severe weather.
Source: 6abc - 🏆 250. / 63 Read more »

Kentucky governor vetoes nuclear energy legislation due to the method of selecting board membersGov. Andy Beshear has vetoed legislation promoting nuclear energy in coal-producing Kentucky. Beshear said Thursday his objections are with an advisory board and not with the use of nuclear power. Beshear says he supports an “all-of-the-above” energy policy that includes nuclear energy.
Source: AP - 🏆 728. / 51 Read more »

Kentucky governor slams school choice after legislature paves way for measure with constitutional amendmentIf voters decide to amend Kentucky's constitution on education funding on the November ballot, Democratic Gov. Andy Beshear vowed to strike down school choice measures.
Source: FoxNews - 🏆 9. / 87 Read more »

Kentucky Governor Vows to Strike Down School Choice AmendmentDemocratic Gov. Andy Beshear pledges to oppose a Constitutional amendment that would allow public funds to be used for non-public schools in Kentucky.
Source: FoxNews - 🏆 9. / 87 Read more »