Kentucky’s lottery for Cultivator Tier I, Cultivator Tier II, Cultivator Tier III, and Processor licenses was just held moments ago through exactly the kind of exceptionally transparent and thoughtful process we’ve come to expect from OMC. Maybe it’s just because I’ve been watching tip-off week all last week and Javelina 100 livestreams all weekend, but I, honestly, loved the sports broadcast format. Sam and Terry killed it.
The winners are
Drumroll please….
Processor (10 licenses)
- Bijal Kentucky LLC
- AJ Alchemy Labs LLC
- Jill’s Dispensary LLC
- Hilltop Healing Investco LLC
- Limestone Processing LLC
- LMMKY LLC
- One Leaf Technologies LLC
- Ice House Processing, LLC
- 1248 KYP LLC
- Kaldem Holdings
Cultivator Tier I ≤2,500 sqft (10 licenses)
- L&O Legacies
- Synapse Remedies LLC
- CW Bluegrass LLC
- Popp Cultivation LLC
- Arizona Bay Investments, LLC
- Wong Investments, LLC
- Joseph Serock
- Elevated Essence LLC
- Slaughter Branch LLC
- Goeing Blue LLC
Cultivator Tier II ≤10,000 sqft (4 licenses)
- NG Health LLC
- Armory Kentucky, LLC
- JMOKY LLC
- Canopy Capital LLC
Cultivator Tier III ≤25,000 sqft (2 licenses)
- Natural State GreenGrass CannaCo LLC
- KSKYAPP LLC
Notably KY officials expressly stated multiple times in the leadup to the lottery their desire to avoid an oversupply through this license allocation. With such a diverse array of outcomes for any individual cultivator or processor, it will be interesting to see how close the actual market is to the “stable and sustainable” market KY officials modeled.
With 26 cultivators and processors (and just 2 large cultivators), there is certainly opportunity to achieve it, provided that just the right number of businesses can get off the ground and maximize capacity. Fire business strategies will be monitoring the market data as it comes out and will be evaluating the data against data from other mature markets
****UPDATED TO REFLECT CORRECT SPELLING OF SELECTEES 10/30****
