Are you allowed to sell this tag? If so, it seems like there would be a lot of money to be made here.
I can't (and wouldn't). As RickRampus said, it's a once in a lifetime type of tag. As you might imagine, if tags were transferable, there'd be businesses applying hoping to draw the tag which they would then sell to the highest bidder. That's not a very good model for several reasons.
There are some states that have a "governor's tag" or something like that, that goes to the highest bidder. I think the Arizona elk gov tag goes for a half million dollars every year, which all goes towards conservation, so it benefits the animals and the average Joe hunters.
Kansas has no interest in developing a growing herd of elk, even though the habitat and economics would probably support it, because farmers are concerned about crop damage. In SW KS a landowner can buy unlimited elk tags to keep elk off their crops.