Ohio is About to CASH In

Ohio just opened up the bidding for some very expensive licenses.

Ohio received 185 applications for medical marijuana cultivation licenses by the June 30 deadline; 109 of which are for Level I licenses. This allows grows up to 25,000 square feet, according to The Columbus Dispatch. The other 76 applications are for Level II licenses, which allow sites up to 3,000 square feet in size. After winning a license, cultivators can apply for larger grow spaces.

The application fee for Level I licenses will reportedly cost $180,000 for the first year and $200,000 for annual renewals. Level II licensees will initially pay $18,000 and then $20,00leaf0 in subsequent years.



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