How to open a Dispensary in Iowa:
Iowa first legalized medical marijuana for qualified patients in 2014 and extended its program in 2017. Low THC marijuana extracts are permitted for in-state use, although there are currently no marijuana businesses operating.
The marijuana program is being monitored by the State Board of Pharmacy, which is authorized to issue a total of 60 marijuana business licenses considering criteria like population and local zoning laws. Another interesting fact is that Iowa will only allow the distribution of medical CBD that is obtained from other states. Currently, licenses are scheduled to be issued across 31 dispensary districts. Below are the details on how to open a medical marijuana dispensary in Iowa.
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When was cannabis made legal
On the first of July 2014, Iowa’s medical marijuana law passed, providing access to medical cannabis to patients with resistant intractable epilepsy and their registered caregivers.
However, on May 12, 2017, Gov. Terry Brandstand signed H.B 524 (Act), legalizing the employment of low-THC cannabis oil for qualified patients. The law permits marijuana businesses to provide patients with in-state access to the cannabis oil by December 1st, 2018. The Department of Health has been tasked to manage and regulate the program, alongside the Medical Cannabidiol Board.
How many marijuana businesses are there in the state
Those looking to start a medical marijuana dispensary in Iowa will need to meet the following requirements:
- A single dispensary is allowed 5 licenses at a time. The stores must be open to patients by December 1st, 2018.
- A dispensary will be able to dispense/sell medical CBD to patients registered by Iowa Department of Public Health.
- Dispensaries can be placed anywhere in the state, depending on geographic demands.
- The department shall license new medical cannabidiol or CBD dispensaries or relicense the existing medical cannabidiol dispensaries by December 1st of each year.
The State Board of Pharmacy can award dispensary licenses through a competitive choice method. The Board is allowed to issue up to 60 dispensary licenses. As a part of its obligation to think about geographic location when it begins licensing medical marijuana dispensaries, the Board established 31 dispensary districts. This is to ensure proper coverage by making dispensary licenses available in each district. The Board will consider these factors when awarding licenses:
- Access to major Iowa roadways
- Where patients are located
- Iowa’s population
- Existing compliance resources for the State Board of Pharmacy
How much does an Iowa marijuana dispensary make?
Links to consulting companies that can help open an Iowa marijuana dispensary
Looking to start a marijuana dispensary in Iowa? The marijuana consulting firms can advise you on the process. Get help with state licensing requirements and applications, and gain access to the resources you need for running and stocking your business.
- Canna Advisors
- Medicine Man Technologies
- Comprehensive Cannabis Consulting
- Green Rush Consulting
- Quantum 9 Inc.