STATE OF OHIO BUSINESS LICENSE LICENSE
We are thrilled to have their market intelligence and firsthand experience as they guide us through this final stage from license to launch,” said Bryan Roberts, COO at Southern Ohio Botanicals, LLC.įor Ohio license holders who may need additional support for certain operational aspects, their teams can utilize “How to Open a Dispensary”, a new streaming platform powered by CB Advisors. “CB Advisors was integral to our license success. The bond shall be issued by an insurance company. If home state does not issue Surplus Lines license to business entities, must provide proof of 25,000 bond payable to State of Ohio. According to data firm Headset, Ohio marijuana sales are projected to reach $1.6 billion by 2025. Required to hold an active Ohio major lines license for property and casualty LOA if entity is, or will, be involved in performing the due diligence requirements.
“We’ve built great relationships with our Ohio groups and are working closely with them during this post-license phase to actualize their dispensary operation,” explained Maxime Kot, president at CB Advisors.Ĭurrently, Ohio has 57 licensed dispensaries and 36 cultivations with medical marijuana dispensaries to more than double in 2022. New dispensaries will only be able to open if they receive their certificate of operation from the Board of Pharmacy following inspections. The Ohio Board of Pharmacy has allotted 270 days for provisional licensees to become operational, which ends in February 2023. We are providing our clients with custom grand opening services as well as branding, marketing, SOPs, interior guidance, floor planning and procurement strategies,” said Sara Gullickson, founder and CEO at CB Advisors. “The next step for winners is to launch their dispensary operation on schedule. These were then reviewed by rank to determine eligibility for issuing. Earlier this year, the Ohio Lottery Commission drew from over 1,400 applications across 31 districts to create an ordered list of ranked Ohio preliminary licenses. On May 16, 2022, the State of Ohio Board of Pharmacy issued 70 provisional dispensary licenses as the second phase of the RFA II process. The Cannabis Business Advisors (“CB Advisors”), a consulting firm specializing in licensing, operations, mergers and acquisitions for the legal cannabis industry, today announced it has secured Ohio preliminary dispensary licenses for local groups. The national cannabis consulting firm will now assist license winners with launching their dispensary operations in compliance with state regulations.
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