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The Ohio Department of Commerce can issue up to 40 processor licenses anytime before Sept. 9, 2018. Each applicant had to pay a $10,000 application fee. If they win a license, they’ll pay a $90,000 certificate of operation fee and then annual renewal fees of $100,000.
Applications will be scored based on plans for operations, quality, security, finances and business.
Ohio voters rejected a marijuana legalization proposal in November 2015. Lawmakers passed a medical marijuana law in 2016 and regulators have worked for the past year and a half to establish rules, review applications, award licenses and more. The program is supposed to be fully operational by September 2018.
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