Ohio medical marijuana entrepreneurs want residency requirement for business licenses

[TexasTowelie]

REYNOLDSBURG, Ohio -- Ohioans who want to start a medical marijuana business here urged regulators on Monday to issue the few lucrative cultivator licenses to Ohio residents only, at least initially.

As it stands now, the Ohio Department of Commerce plans to award up to 12 large grow licenses and 12 small grow licenses statewide, based on criteria including a company's business plan, security measures and industry experience.

Proof that the company is headquartered in Ohio, owned by Ohioans and plans to hire in-state workers factor into the review but are not required.

Kelly Mottola, who owns Hydro Innovations in Hilliard, said out-of-state companies will want to bring out-of-state workers.

Read more: http://www.cleveland.com/metro/index.ssf/2017/03/ohio_medical_marijuana_entrepr.html

[cbreezen]

1. Being a resident of Oregon...

I have seen folks from Colorado trying to take part in our medical and recreational cannabis industry. It's my opinion that they can make money in their own state.

Of course, one of the things that Ohio is requiring is "industry experience". How would an Ohio resident and/or business prove that they have that experience in a state where there has never been a medical cannabis program?

They have effectively allowed only out-of-state applicants... unless you want to admit that you've been growing high quality cannabis in a state where it is illegal to do so.

Hello, big business.