Potential Rapid City medical cannabis dispensary owners are about to find out if they’ll be one of 15 marijuana businesses to operate in Rapid City.
The state Medical Cannabis Program will perform a random drawing for state licenses at 3 p.m. Central/2 p.m. Mountain March 9 in Pierre.
The Rapid City Council determined 15 medical marijuana dispensaries would be the limit based on the city’s population on a 7-1 vote in September. In order to enter the state’s lottery, potential businesses had to submit paperwork to the state by Dec. 31 and have a provisional license issued by the city. The city’s Finance Office issued about 30 provisional licenses by the end of December.
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Businesses that receive a license will have one year to get the dispensary up and running, according to the city’s ordinance that went into effect in October. A license costs $5,000 with $1,500 for the nonrefundable application fee and $3,500 for the license itself. Licenses will have to be renewed each year with a $5,000 fee.
Dispensaries must be at least 1,000 feet from public or private schools. Dispensaries can operate within 500 feet