It looks like the enhanced legalization of medical marijuana in Montana will boost the Treasure State’s coffers this year, with sales increasing the amount of money in Montana’s general fund.
Tag Archives: Costs
ST. PAUL, Minn. — Minnesota’s two licensed medical marijuana manufacturers each posted millions of dollars in losses in their first full year of operations, according to financial documents obtained by The Associated Press.
A recent survey of Minnesota’s medical marijuana patients found 90 percent said the drug was beneficial. The survey, conducted by the Minnesota Department of Health, queried 435 patients using medical marijuana. The pollsters discovered only 10 percent of medical marijuana patients experienced “little to no change.”
Managing the costs of growing cannabis is a particular challenge for growers. One of the largest fixed costs is electricity. Since the cost of electricity is unlikely to go down, growers need to look for new and disruptive ways to manage their use of it.
As of early August, CanopyBoulder Spring Class companies have raised nearly $3 million in seed financing, and more is on the way. But don’t think that raising money or investing money is easy—it is not.
New Mexico’s Department of Health would like to charge an annual $50 for patients to renew their registry ID cards. However, the proposal to triple annual licensing fees to a maximum of $90,000 for each producer seems high, even though the new regulations would allow each producer to have 300 seedlings in addition to 150 mature plants.