The medical marijuana industry was angling to set up stores even before lawmakers in Georgia approved the sales of medical marijuana this year.
The companies have already hired lobbyists and gave campaign contributions for the smooth passage of a proposed bill that will allow the marijuana cultivation and distribution. Such efforts by companies could pay off big if they receive Georgia’s license to grow and distribute medical marijuana.
While it is expected to hit the market in a couple of years, companies have already queued for the excellent opportunity. It has been found that they hired nearly 20 lobbyists for the smooth functioning of medical marijuana legislation prior to passing the Georgia General Assembly and was
While it might take a couple of years before marijuana oil sales begin, companies have already lined up for the opportunity to break into a new market. They hired at least 20 lobbyists to shape the medical marijuana legislation before it passed the Georgia General Assembly and was signed by Brian Kemp, the governor of the U.S. state of Georgia.
Some of the companies influencing the smooth passage of the bill include Surterra Wellness, Trulieve, and Compass Neuroceutical.
Whoever wins the production licenses from the state will be the only businesses legitimately allowed to sell medical marijuana to a growing number of registered patients.
Currently, only registered patients in Georgia are permitted to use medical marijuana oil for medical conditions such as seizures, Parkinson’s disease, terminal cancers, and other illnesses. The state’s medical marijuana law was first passed in 2015, which permits oils that contain up to 5% THC that gives users a high.
Medical marijuana is a multibillion-dollar industry and 33 other states already have legal medical marijuana programs. Demand has been increased for both medical and recreational marijuana, which is still expanding. Ten states have legalized recreational use of marijuana.
Under the Georgia legislation, House Bill 324, a seven-member board called the Georgia Access to Medical Cannabis Commission, which will be responsible for overseeing the state’s medical marijuana program.
The commission will create regulations and consider licensing requirements for six private companies to grow and distribute medical marijuana.