3 Medical Marijuana dispensaries expected to open in Texas by 2018
Posted by Sagar Satapathy on October 20, 2017.
Medical marijuana dispensaries could soon begin operations in Texas. At least three companies are expected to begin operations by early 2018.
The first license was awarded to Cansortium Texas, a branch of Miami-based Cansortium holdings, on September 1. The company will be operating the Knox Medical dispensary in Schulenburg, where the plants are already growing. The other two companies in the loop- Compassionate Cultivation and Surterra Texas are awaiting final license reviews by the Texas Department of Public Safety.
“The plants look healthy. They look great, and the cultivation is moving ahead, and we are expecting to harvest sometime in early December,” said Jose Hidalgo, CEO of Knox, in an interview.
The dispensaries will be a distribution center, shipping medical pot to patients and physicians under the State law. Under the Compassionate Use Act, signed into law by Texas Governor Greg Abbott in 2015, the dispensaries given licenses will be allowed to grow and sell medical pot to the people in Texas having a rare form of intractable epilepsy.
“For those out there who think this is a slippery slope, they have to understand that multiple neurologists need to be involved, and they both have to agree that this is a last resource. It's not even just normal epilepsy, it's intractable epilepsy, which is really serious. The patients that are waiting for this, they really need this medicine,” he said.
The dispensaries will only be authorized to market cannabidiol, a type of low-THC cannabis which can treat a number of physical and neurological disorders.
For obtaining the license in Texas, the companies are required to pay $480,000 as fee initially. The renewal fee will cost almost $320,000 every two years.comments powered by Disqus