Virginia has received 49 applications from medical-cannabis companies hoping to be among the first to set up shop in the state, giving officials plenty of options as they prepare to hand out five licenses this summer.
The applications, which required a $10,000 filing fee, were due last week to the Virginia Board of Pharmacy, which is planning to issue licenses to allow one medical cannabis oil dispensary in each of the state’s five health service areas.
Several participants said the number of applications was slightly higher than they expected, indicating a strong interest from local entrepreneurs and established industry players looking for a foothold in Virginia.
“It takes a significant amount of money to build this infrastructure, plus know-how,” said Dave Albo, a former state delegate turned lobbyist representing a Northern Virginia business group, Nova Pharma Processors LLC, that has applied for a license.
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