Georgia Awards Six Medical Cannabis Business Licenses
The Georgia Access to Medical Cannabis Commission doled out six licenses July 24 to companies who will be able to produce and sell low-THC medical cannabis oil (containing a maximum of 5% THC) to the state’s registered patients.
Sixty-nine companies applied for the licenses, which state law caps at six, according to The Atlanta Journal-Constitution.
Trulieve GA Inc., an affiliate of Florida-based Trulieve Cannabis Corp., and Botanical Sciences LLC, a company located in Glennville, won licenses to grow up to 100,000 square feet of medical cannabis, while FFD GA Holdings, TheraTrue Georgia LLC, Natures GA LLC and Treevana Remedy Inc. secured licenses to cultivate up to 50,000 square feet.
The companies will have one year to begin operations, The Atlanta Journal-Constitution reported, and each licensee can open up to five dispensaries.
In 2019, Georgia established a regulated system for the production, processing and sale of medical cannabis oil, which patients had been legally able to possess since 2015, although they had no legal way to purchase it in the state.
Georgia currently has roughly 15,000 registered patients, according to The Atlanta Journal-Constitution.