Kentucky to Implement Lottery System for Medical Marijuana Licenses
Governor Andy Beshear introduces a fair lottery method for distributing medical cannabis licenses to ensure equal opportunity and reduce litigation.
- The new lottery system for medical marijuana licenses in Kentucky is set to launch in October 2024, aiming to provide equitable access to all qualifying businesses.
- Governor Beshear emphasizes the system's design to prevent lobbying and ensure a fair distribution process, avoiding bidding wars that favor large companies.
- Kentucky will initially issue 48 dispensary licenses across 11 regions to ensure accessibility for residents with qualifying health conditions.
- The program, launching in January 2025, is structured to avoid market saturation and can be expanded based on demand and additional qualifying conditions.
- Local governments and schools have the option to opt out of participating in the state's medical marijuana program.