Ohio Announces 12 Provisional Large-Scale Medical Cannabis Cultivation Licenses

The Ohio Department of Commerce announced the recipients of provisional Tier I medical cannabis production licenses today. Tier I licenses, which include annual licensing fees of $200,000, permit cultivation to 25,000 sq. ft. initially, while Tier II licenses are limited initially to 3,000 sq. ft. The state received 109 Level I applications. It previously had awarded 11 provisional Tier II licenses earlier this month.

Several of the recipients are well-known multi-state operators, including Columbia Care, Cresco Labs and Harvest. License holders are permitted to operate only one location, and Harvest Grows has ten days to select which one it will develop. Here is the complete list, along with application scores and location:

LEVEL I CULTIVATOR PROVISIONAL LICENSE RECIPIENTS
Score – 179.28 Buckeye Relief LLC (Eastlake, Lake County)
Score – 173.44 Grow Ohio Pharmaceuticals LLC (Newton Township, Muskingum County)
Score – 173.28 OPC Cultivation LLC (Huron, Erie County)
Score – 172.72 Riviera Creek Holdings LLC (Youngstown, Mahoning County)
Score – 167.64 Pure Ohio Wellness LLC (Springfield, Clark County)
Score – 167.08 Columbia Care OH LLC (Mt. Orab, Brown County)
Score – 165.48 Terradiol Ohio LLC (Canton, Stark County)
Score – 161.28 Standard Wellness Company LLC (Gibsonburg, Sandusky County)
Score – 161.28 AT-CPC of Ohio LLC (Akron, Summit County)
Score – 159.80 Cresco Labs Ohio LLC (Yellow Springs, Greene County)
Score – 153.08 Parma Wellness Center LLC (Parma, Cuyahoga County)
Score – 142.04 Harvest Grows LLC (Hamilton Township, Lawrence County)
Score – 142.04 Harvest Grows LLC (Cleveland, Cuyahoga County)

Breaking news by Alan Brochstein, CFA

Alan Brochstein, CFABased in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email


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