By John W. Fraser

Medical marijuana entrepreneurs seeking to start their own “cannabusiness” will likely have to show pretty significant liquid capital or cash assets as a prerequisite to obtaining a license to operate. LARA’s Director of the Bureau of Medical Marihuana Regulation Andrew Brisbo announced LARA‘s intended capitalization requirements at the October 17, 2017 Medical Marihuana Licensing Board Meeting. At the meeting, Director Brisbo announced LARA’s intended capitalization requirements for each type of license, which are as follows:

  • Grower
    • Class A (500 plants) – $150,000.00
    • Class B (1,000 plants) – $300,000.00
    • Class C (1,500 plants) – $500,000.00
  • Processor – $300,000.00
  • Provisioning Center – $300,000.00
  • Safety Compliance Facility …read more