Connect with us

Hi, what are you looking for?

High Times
0

Laws

Ohio Approves Funds for MMJ Tracking System

Investment in the Cannabis Industry Grows

COLUMBUS, Ohio (AP) — Regulators of Ohio’s budding medical marijuana industry have received approval to spend an additional $6 million over the next two years on projects including a seed-to-sale tracking system.

The funds for the Ohio Medical Marijuana Control Program were approved Monday, adding to the previously approved $5 million. Officials say the program will repay the state using revenues from licensing fees.

The largest part of the money will go to set up a system to track plants from cultivation through sale.

Officials say the program may later ask for funds to set up a payment system that would allow noncash payments between marijuana businesses, patients and state vendors. Sales of marijuana can be complicated by the unwillingness of banks to participate in transactions that are still illegal under federal law.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

HT Newsletter

Subscribe for exclusive access to deals, free giveaways and more!

Thank you for subscribing.

Something went wrong.

Advertisement

You May Also Like

News

Due to the limitations brought on by the COVID-19 pandemic, Ohioans can collect signatures on certain petitions electronically.

News

An Ohio crime lab has new equipment to help law enforcement distinguish cannabis from hemp.

News

Patients in Ohio may now purchase more medical cannabis than they were previously allowed to.

News

In addition to keeping cannabis dispensaries open, Ohio will allow patients to pick up their medication outside.

News

In multiple states, dispensaries are being deemed essential businesses.

News

Ohio legalization advocates have a new challenge to face.

News

Wannabe hemp farmers in Ohio can now throw their hats in the ring.

News

Is Michigan trying to phase out caregiver-grown cannabis products?

Do NOT follow this link or you will be banned from the site!