Getting into the cannabis industry was never promised to be cheap. But entrepreneurs and patients would never think it would get this high
Per High Times
A report from NPR’s Morning Edition revealed on Monday that the Texas Department of Public Safety (DPS) is considering raising the cost of the state’s medical marijuana licensing fee from $6,000 to a whopping $1.3 million. The rate increase would apply to every cultivation operation and dispensary interested in participating in the state’s low-THC cannabis trade.
The Public Safety Commission originally drafted a set of rules that would have made a buy-in for the state’s restrictive cannabis trade a modest investment of $6,000—allowing a number of companies to take advantage of the new market. But the commission has since restricted the number of businesses that will be permitted to deal in cannabis oil, forcing about the need for a $1.3 million licensing fee, the agency said.
Even for a state that prides themselves on doing it big, that’s freaking big.