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BIRMINGHAM, Ala. (WBRC) – The Alabama State Senator who helped create the Alabama Medical Cannabis Commission (AMCC) is now sponsoring a bill to alter and remove part of its involvement in awarding integrated licenses, considered by many companies to be the biggest and most lucrative of the medical cannabis licenses.
Senate Bill 306, sponsored by Senator Tim Melson, would give the Alabama Securities and Exchange Commission the power to decide if applicants for the integrated licenses qualify to apply under the current statute, then another review panel would assess those companies’ readiness to quickly manufacture and deliver medical cannabis products if selected, before the AMCC then scored those applicants and awarded licenses.
SB 306 would also ban the transfer of integrated licenses, a practice allowed in certain circumstances by the current law passed in 2021. Several in-state bidders have warned they believe larger out-of-state corporations who may not get a license or qualify for one were planning to “buy” an integrated license from one or more of the five the AMCC ultimately selects.
Another bill would expand the number of integrated licenses the AMCC could award and effectively end multiple lawsuits currently delaying the license-awarding process. That bill could get a committee vote this week.
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