Kentucky Gov. Andy Beshear (D) signed legislation (Senate Bill 47) to legalize and regulate medicinal cannabis, making Kentucky the 39th state to permit its use. The new law directs the Kentucky Cabinet for Health and Family Services to adopt rules by July 1, 2024, with first sales expected sometime in 2025. As a result of Senate Bill 47, patients in Kentucky will soon have access to medicinal cannabis through a legal, regulated market.
The Dentons Cannabis team has unrivaled global reach to support clients in the emerging Kentucky cannabis industry. Our US team includes subject-matter experts on US, federal, and state laws and regulations that impact cannabis businesses.
Few industries in the world present more complex legal issues than cannabis. The interplay between state and federal law impacts many aspects of the business, from corporate structuring and access to capital, to tax treatment and site selection. Working with professionals who understand cannabis law and have seen firsthand how multiple jurisdictions bring this market to bear is critical to success in the industry.
Visit Cannabis in Kentucky for more information.
