Major Canadian LPs

Definition – What does Licensed Producer mean?

In the marijuana industry, a licensed producer is an individual that possesses a state or municipal license to grow, harvest, dry, trim, cure, and package cannabis. The cannabis can then be sold to licensed wholesalers (facilities). A licensed producer can also sell live plants and seeds.

Cultivation of marijuana is legal in numerous states in the United States. However, such individuals most possess a state license. In some states, and in Canada, a licensed producer is not an individual but a business entity, such as a gardening nursery, that has been issued a state license and permit to cultivate and sell cannabis for medicinal purposes to licensed dispensaries or individuals who possess a state-issued medical marijuana certification or permit.

Source: Maximumyield

CIG - Cannabis Investment Group is a marketing & consulting firm with expertise and involvement focused in cannabis sector. Having a plethora of resources, we are now on an endless pursuit to contribute to new sector opportunities, inside and outside of our pre-existing sectors.

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