Mississippi Cannabis Processor License
Cannabis in Mississippi is legal now for medical use. The bill approving a medical marijuana market in Mississippi was signed into law on February 2nd, 2022. Now is the time to start a cannabis business in this new medical marijuana market. If you have an interest in a Mississippi cannabis processor license, it is the perfect opportunity to start the application process. Lastly, our expert cannabis consultants in Mississippi provide the essential steps you need to take to open a successful cannabis business.
Contact us if you want to start your Mississippi cannabis processor license application.
What Can I do with a Mississippi Processor Business License?
First, a Mississippi cannabis processor license allows you to operate a cannabis processing facility. So, you are able to process raw cannabis into cannabis products. This includes the creation of edibles, tinctures, etc. However, you can not grow cannabis or sell it to cultivators or consumers. If you want to sell cannabis, consider opening a cannabis dispensary in Mississippi. With that, there are several tiers that determine how much cannabis you are able to process.
If you process less than 3,000 lbs of dried biomass cannabis material you are considered a microprocessor. However, there are two tiers for micro-processors in Mississippi. Take a look at the graph below that shows how much cannabis you can process based on what tier you are approved for:
7 Steps to Open a Cannabis Processor Facility in Mississippi
1: Read the Mississippi Cannabis Laws and Regulations
As a beginning step, you should familiarize yourself with cannabis laws and regulations in Mississippi. Also, it is important that you read through bills as they thoroughly explain Mississippi medical cannabis laws. This includes:
In addition, it is essential that you are familiar with governing bodies that make the rules and regulations for cannabis licensing in Mississippi. The Mississippi Department of Health and the Mississippi Department of Agriculture provides useful information in regards to the cannabis industry.
Additionally, you need to familiarize yourself with other regulations that relate to cannabis processing in Mississippi. These are important to read over as they will be essential in your Mississippi cannabis application. Here are some regulations to read over:
- Processing Facility Regulations
- Cannabis Disposal Regulations
- Work Permit Regulations
- Cannabis Advertising and Marketing Regulations
Contact our Mississippi cannabis consultants for more information on the rules and regulations of the Mississippi market.
2: Determine if you are eligible for a Mississippi Cannabis Processor License
Before starting your application, you need to determine if you are eligible to apply. You can apply for a Mississippi cannabis processor license if;
- The applicant and all owners, board members, officers, and anyone with economic interest are at least 21 years of age
- You are not currently serving as a member of the Mississippi Senate or House of Representatives or you are the spouse of someone within these parties through December 31, 2022.
- The applicant does not have a previous cannabis license that has been revoked and has no outstanding tax liabilities owed to the state of Mississippi
- The applicant has never been convicted of a disqualifying felony
Lastly, if applying as an individual person you must have been a resident of Mississippi for the last 3 years to apply. If applying as a business entity, you need to prove that at least 35 percent of the equity ownership interests are held by individuals who have been residents of Mississippi for the last 3 years. This applies to both Mississippi processors and microprocessors.
Contact our cannabis consultants if you have any additional questions about qualifications.
3: Engage an Expert Cannabis Consulting Company
Next, the application process for a cannabis processor license in Mississippi is a tedious task. With that, it is important to work with an expert cannabis consulting team in Mississippi so that you can win a license. Contact our cannabis consultants so that you can start the application process and start a cannabis business in Mississippi.
4: Form a Business Entity in Mississippi
Next, you need to form a business entity in order to apply for a cannabis processor license in Mississippi. We typically find applicants forming an LLC, C-corp. or S-corp. If you need help forming a business entity, contact our cannabis consultants for additional information.
5: Choose a Location for your Cannabis Processor in Mississippi
Next, you will need to choose a location for your cannabis processor facility in Mississippi. It is important that you are familiar with local zoning laws and building requirements for processor facilities. This is especially important with a processor facility as there are specific rules and regulations for quality control.
Additionally, you need to make sure that your desired county/city allows cannabis businesses. Refer to the map below to make sure you are following zoning laws.
6: Garner Local Support in Mississippi
Also, connecting with local officials and building a relationship with your community is essential when you want to open and operate a cannabis processor facility in Mississippi. Additionally, gaining local support results in a higher chance of winning a cannabis license.
Remember, it is never too early to start connecting with local officials, our cannabis consultants recommend that you start this process as soon as you can.
7: Submit your Cannabis Business License Application in Mississippi!
Lastly, it is time to submit your application. With that, you need to make sure your application includes all of the required plans so that you can win a license. This includes:
- Operating Plans
- Safety and Security Plans
- Packaging and Label Plans
- SOPs for Sampling and Testing of Cannabis
- Financial and Accounting Plans
- Manufacturing Plans
Additionally, make sure to work with an expert cannabis consulting team so that you have the correct information on your application.
Remember, the application fees vary based on what cannabis processor license you are applying for.
Conclusion on Mississippi Cannabis Processor License
The application process for a Mississippi cannabis processor license requires a lot of information and time. With that, our cannabis consultants in Mississippi are eager to help entrepreneurs start medical cannabis businesses in Mississippi. Work with us if you want help with your application in Mississippi!
Additional Information Related to Cannabis Processors in Mississippi
Let’s go over some important information in regards to the application process for a cannabis processor license in Mississippi.
What are the Application Fees?
First, if you have a Tier 1 processor license the application fee is $2,000 and the annual license fee is $3,500.
Secondly, if you have a Tier 2 processor license, the application fee is $2,500 and the annual license fee is $5,000.
Remember, these Tiers are considered microprocessors. With that, if you have a processor license in Mississippi the application fee is $15,000 and the annual license fee is $20,000.
Where Can I Operate a Cannabis Processor Business in Mississippi?
You are able to open a cannabis business anywhere in Mississippi as long as the city or county does not have opt-out status. This map illustrates which cities and counties allow cannabis businesses:
Lastly, our cannabis consulting team in Mississippi encourages you to take a shot at this booming market in Mississippi. Contact us with any additional questions.
