A Nevada group that oversaw marijuana business licenses there is opening up shop in Missouri to score applicants for Missouri’s medical marijuana industry.
Missouri could pay as much as $582,061 to Wise Health Solutions to evaluate applications from hundreds of groups hoping to win a state license to produce and sell marijuana or marijuana-infused products.
Wise Health, which incorporated in Missouri in July, is a new collaboration between the Oaksterdam University of Oakland, California, which offers training for businesses entering the marijuana industry, and Veracious Investigative and Compliance Solutions, a Nevada regulatory compliance company.
The cost of scoring the applications depends in part on the number of applications the state receives. Missouri has raked in at least $4.2 million from prepaid fees for at least 592 applications, but the total number of applications to produce or sell marijuana won’t be known until after Monday’s deadline to apply. Applicants started formally filing their paperwork this month; applications are due by 4:30 p.m. Monday.
Not all applicants will win a license. Missouri is required by law to approve at least 10 testing facilities, 60 commercial growers, 86 facilities that make marijuana-infused products and 192 dispensaries — 24 dispensaries for each of Missouri’s eight congressional districts.
Wise Health will not be allowed to see the names of the businesses it is scoring, theoretically removing bias from the licensing process.
Wise Health’s executive director, Chad Westom, helped establish Nevada’s regulations on its legal marijuana industry from 2013 to 2017 and oversaw licensing of all the state’s marijuana businesses. He previously managed investigations of Nevada’s health facilities.
Wise Health said it is prepared to score at least 2,000 applications. Missouri will pay the group a set price for each type