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At long last the Georgia Access to Medical Marijuana Commission chose six companies that will be allowed to grow, manufacture and sell medical marijuana oil capped at 5% THC. Each license holder will be allowed to open five dispensaries.
· Trulieve and Fine Fettle Dispensaries were the only MSO’s to win a license.
· Curaleaf, Verano, Columbia Care, Parallel/Surterra, and Revolution did not win.
· Parallel referenced their home state advantage in a recent investor deck – will this loss be reflected as their SPAC goes public?
Botanical Sciences LLC and Trulieve GA, Inc. won Class 1 Production Licenses which allows for up to 100,000 square feet of cultivation space. Here are the applicants and their scores with notable MSO losses in red text:
FFD GA Holdings (Fine Fettle Dispensary)Theratrue Georgia LLC, Natures GA LLC and Treevana Remedy Inc. were awarded a Class2 License which permits them to cultivate cannabis with 50,000 square feet of canopy. As with the Class 1 License, there were many MSO’s that did not make the podium including Curaleaf, Revolution Georgia, Verano, Columbia Care and Parallel/Surterra – the hometown favorite.
According to the Atlanta Journal Constitution, the next steps in the medical marijuana program will be finalizing contracts with the six winning companies, then starting operations next year. Companies will have one year to begin operations after contracts are signed following potential protests from losing bidders.
Now is when the lawsuits start. Hopefully the process will not drag on for too long as patients in this state have been waiting years to get access to this medicine without having to import it across borders.
Ed Keating is a co-founder of Cannabiz Media and oversees the company’s data research and government relations efforts. He has spent his career working with and advising information companies in the compliance space. Ed has managed product, marketing, and sales while overseeing complex multijurisdictional product lines in the securities, corporate, UCC, safety, environmental, and human resource markets.
At Cannabiz Media, Ed enjoys the challenge of working with regulators across the globe as he and his team gather corporate, financial, and license information to track the people, products, and businesses in the cannabis economy.
Ed graduated from Hamilton College and received his MBA from the Kellogg School at Northwestern University.
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