The Authority for the Responsible Use of Cannabis (ARUC) organised a convention with the theme “Setting the Standards” on 27th January 2023. The first major announcement revealed was that the official opening for applications for non-profits will be the 28th of February 2023.
The Executive Chairperson of ARUC, Mr Leonid McKay, stressed the importance of ensuring a safe and regulated market, having an open dialogue with all stakeholders, prioritising harm reduction, and preventing any forms of commercialisation.
Here is all you need to know about the setting up and licencing process so far:
The Associations will be in the form of non-profit organisations with the below requirements:
The Licensing model announced by the Authority is based on progressive pricing based on the number of members which are categorised as below:
The license fee will be set at €1,000, while the application fee will vary according to membership size. There will also be a harm reduction contribution imposed on the Associations.
As for the Authorisation process here is a breakdown of the steps involved:
There are also certain obligations in terms of preparing the financial plan, maintenance of the operational environment, and the technical and organisational setup.
As KSi Malta we can assist you with the application process, preparation of the business plan with financial forecasts, liaising with all involved authorities and governmental entities, and setting up and maintaining the Association. If interested, feel free to reach out to our Business Development Manager, Mr Isaac Sammut, on email@example.com.Go Back
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