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What marijuana/cannabis businesses can you start in Mississippi?

Along with a slew of other traditionally conservative states, Mississippi gained a new law this year allowing for the limited use of medical marijuana. This law would provide an affirmative defense to individuals suffering from debilitating seizure disorders for the use and possession of high-CBD, low-THC cannabis extracts. While this measure only protects a tiny number of the patients who could benefit from medical marijuana, it is a step in the right direction.

Since 1968, Ole Miss has been the sole producer of federally legal marijuana in the United States. Yet university researchers can expect the same slow, multi-year approval process that has prevented trials from going forward for decades. Even those trials that manage to be approved tend to be small-scale and short-term. 

Mississippi is one of the 18 states that have decriminalized personal use marijuana possession. First offense possession of 30 grams (a little more than an ounce) is punishable by a $250 fine instead of jail time and a civil summons as opposed to arrest, as long as the offender provides proof of identity and a written promise to appear in court. Although, currently, there are no business licensing programs in place or on the near horizon.

What can you do right now?

To get ahead and be prepared for when the state will start licensing marijuana businesses, you should:

  • Get a pre-legalization marijuana company business plan to understand costs associated with setting up a marijuana business, as well as projected revenues and financials that will allow you to decide whether this venture is for you or not, as well as be used for licensing purposes when the state allows marijuana businesses to apply for licenses. 
  • Download a free starter package to give you a general overview of what to expect when Mississippi legalizes marijuana businesses.
  • Sign up for our email list to be notified about breaking news and product releases specifically for Mississippi.

The latest marijuana industry news, laws, & frequently asked questions for Mississippi.