Nevada company wins $500K contract to review Missouri’s medical cannabis applications

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A Nevada company has won a one-year contract estimated at $517,319 to review and score the medical marijuana business applications in Missouri.

The selected company, Wise Health Solutions, is a joint venture between Nevada-based firm Veracious Investigative and Compliance Solutions of Nevada as well as cannabis college Oaksterdam University in Oakland, California, according to KMIZ, a TV station in Columbia, Missouri.

Here are some details about the contract:

  • Wise Health Solutions expects to review and evaluate as many as 2,000 applications. Missouri regulators are taking applications until Aug. 17 for 348 grower, processing, dispensary and lab testing licenses.
  • The company won’t be able to see the name of the applicant or its owners when evaluating an application.
  • Wise Health Solutions will be paid according to each application it reviews: $940 for each dispensary application, $948 for a processor, $943 for a grower and $1,172 for a testing lab.
  • Missouri also will pay the company $215 an hour for consulting and testimony and $22,950 for the initial launch and travel.

Companies from Colorado, Kansas, Ohio and Washington state reportedly bid for the contract.

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