Kentucky Cannabis Real Estate & Regulations
Zoned Properties in Kentucky
Population:
4.5 million (2021)
Local Zoned Broker:
Affiliated Partnerships Available
Number of Retail Licenses:
N/A
Licensing Status:
Awarding licenses since March 2023
Legal Status:
Recreational
Cannabis Sales:
Pending
License Dynamic:
Limited
Delivery Allowed:
No
Drive Thru Allowed:
No
Let’s Help You Discover Profitable Compliant Zones In Kentucky!
Finding the right Cannabis real estate solutions can be challenging and time-consuming, with complex regulations and unique industry requirements. It can take you months to find a compliant yet business-friendly location. We’ve been in the industry long enough to know how excruciatingly challenging it is.
But you no longer have to go through all that stress and work. We will lift the burden off your shoulders and be your partner, helping you locate high-yielding, compliant real estate properties in Kentucky.
Whether you’re looking to buy, sell, lease, or invest in cannabis properties, our team of dedicated professionals is equipped with the expertise and industry knowledge to guide you every step of the way.
Partner with us today, and let’s make your Cannabis real estate journey as smooth and seamless as possible.
Site Identification
Our experts specialize in identifying compliant zones for Cannabis businesses, covering zoning, permitting, development, and operational challenges. Let’s help you find the best Cannabis real estate.
Brokerage
Our expert real estate brokerage team facilitates smooth transactions, maximizing your investment returns. Sell, lease, rent, or buy quality Cannabis real estate with ease.
Investment
Seek expert advice before investing in real estate. Trust our expertise in the Cannabis real estate industry for informed investment decisions.
Ready To Invest In Cannabis Real Estate In KY?
Kentucky has recently just legalized the use and sale of Medical Cannabis and is awarding licenses to operators. The program was legalized in March 2023 through the SB 47 legislative bill, establishing a structure to regulate the use, sale, and cultivation of Marijuana and its by-products.
This creates an opportunity for you to own quality real estate, as the rush is currently on among top brands to secure business-friendly, compliant locations to set up their business.
Don’t wait to scrape the bottom of the barrel. Let our experts help you secure promising Cannabis real estate properties for your business or investment purposes.
Send us a message, and let’s help you locate business-friendly, compliant zones in Kentucky.
Kentucky Cannabis Regulations
State Cannabis Overview: Kentucky is the latest state in the US to legalize the use and sale of medical Cannabis. The bill was passed and signed into law in March of 2023. However, it is expected to take effect in 2025.
Kentucky is the 38th state in the US to legalize the use and sale of medical Cannabis. It is currently setting up a structure for businesses and strict regulations to guide the program.
The laws are as you would expect or have seen with other states, including selling only to registered patients above 21, applying and acquiring a license to cultivate, produce, and sell the product, and more.
Licensing: The Cabinet of Health and Family Services will regulate the issuance of licenses (initial and renewal) and regulations of Cannabis businesses. The state is issuing Cannabis licenses to five kinds of Cannabis businesses, including the following:
- Cannabis cultivators
- Tier I: Indoor facility of 2,500 square feet
- Tier II: Indoor facility of 10,000 square feet
- Tier III: Indoor facility of 25,000 square feet
- Tier IV: Indoor facility of 50,000 square feet
Kentucky has not set a limit to the number of licenses to issue, which provides a level playing ground for all business owners to apply for a license. It also creates room for a more open, competitive marketplace.
However, it’s important to note that other regulations and criteria may still apply when obtaining a license, such as meeting specific quality standards, security requirements, or zoning restrictions.
Local Authority: Like many other states, local authorities in KY must further regulate the market in their municipalities and sanction businesses that don’t adhere to the regulations. Local authorities are authorized to enact ordinances that are in tandem with state Cannabis regulations provided by the Cabinet and to prohibit businesses within its territories.
Take the smart first step today, and let us help you secure a compliant zone in Kentucky to put you at the vantage point when business begins. Send us a message to find quality real estate property in KY today.
Median Age: 39
Median Income: $30,634
Regulations last updated as of: August 2023
Have any Questions?
How to Start a Cannabis Business in Kentucky
Below is a step-by-step process for starting a Cannabis business in Kentucky:
- Research and Understand the Laws
- Business Formation: Choose a business structure that suits your needs, such as a corporation, LLC, or partnership. Register your business with the Kentucky Secretary of State.
- Obtain Necessary Licenses and Permits: Whether it’s cultivation, processing, production, or retail, follow the application procedures outlined by the Cabinet.
- Secure Financing: Develop a detailed business plan and secure financing to fund your marijuana business operations, including startup costs, equipment, inventory, and ongoing expenses.
- Site Selection and Zoning: Identify suitable locations for your marijuana business operations that comply with local zoning regulations and meet the specific requirements for cannabis businesses.
- Facility Setup and Compliance: Set up your facility, ensuring compliance with safety and security regulations, including adequate surveillance systems, alarm systems, and restricted access to authorized personnel.
- Cultivation, processing, and dispensing plans
- Labor compliance, staffing, and training plans
How many cannabis licenses are there in Kentucky?
There are currently no Cannabis licenses in Kentucky. However, licenses will be awarded to legal entities and individuals that have met the requirements. There’s currently no cap on licenses to be issued, as the state is looking to create a business-friendly, competitive market.
Still have questions? Contact us
Disclaimer: The information provided on this website does not, and is not intended to, constitute legal, financial, or other professional advice. All information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; Zoned Properties does not recommend or endorse the contents of the third-party sites.
Sources:
https://www.stites.com/resources/client-alerts/kentucky-becomes-38th-state-to-legalize-the-use-of-medical-cannabis
https://thecannabisbusinessadvisors.com/state/kentucky/
https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb582/orig_bill.pdf
https://en.wikipedia.org/wiki/Cannabis_in_Kentucky
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