Ohio Names 11 Medical Cannabis Cultivation Provisional License Holders

The Ohio Department of Commerce has announced the award of 11 Level II provisional licenses for cultivation for its medical cannabis program that is expected to launch next September. The licenses permit the holders to cultivate up to 3000 sq. ft. initially. The 14 highest scoring applications were from 11 different companies, with one group, Fire Rock, having three and another, Ohio Clean Leaf, having two. Each of these is required to select a single site within ten days. The recipients of the provisional licenses were posted to the state’s medical cannabis website, with links to the applications:

Score – 178.92 Fire Rock Ltd. (Columbus, Franklin County)

Score – 178.92 Fire Rock Ltd. (Canton, Stark County)

Score – 178.92 Fire Rock Ltd. (Arkon, Summit County)

Score – 176.76 FN Group Holdings LLC (Ravenna, Portage County)

Score – 172.00 Mother Grows Best LLC (Canton, Stark County)

Score – 168.76 OhiGrow LLC (Toledo, Lucas County)

Score – 168.76 Ancient Roots LLC (Wilmington, Clinton County)

Score – 160.56 Ohio Clean Leaf LLC (Dayton, Montgomery County)

Score – 160.56 Ohio Clean Leaf LLC (Carroll, Fairfield County)

Score – 157.08 Ascension BioMedical LLC (Oberlin, Lorain County)

Score – 156.60 Agri-Med Ohio LLC (Langsville, Meigs County)

Score – 154.56 Paragon Development Group LLC (Huber Heights, Montgomery County)

Score – 151.28 Hemma LLC (Monroe, Butler County)

Score – 148.92 Galenas LLC (Akron, Summit County)

The state expects to award up to 12 Level 1 provisional licenses for up to 25K sq. ft. later this month.

Note: We corrected the number of provisional licenses to 11 from 12
Published by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 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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