Kentucky Governor announced that the state will implement a lottery system to award initial licenses for businesses looking to participate in the medical cannabis program set to launch in 2025. The lottery, scheduled for October, aims to provide a fair chance to all qualifying applicants without the need for lobbying or bidding wars.
The state plans to issue 48 medical cannabis dispensary licenses across 11 regions, with each region receiving at least four licenses. Exceptions are made for Louisville and Lexington, which can have two licenses each. Additionally, a limited number of cultivator and processor licenses will be issued to prevent oversaturation of the market.
