Dispensary offers Rhode Island $5 million to restrict medical cannabis competitors

The proprietor of Rhode Island’s largest medical marijuana dispensary has steered giving the state $5 million to maintain regulators from increasing the MMJ program.

According to the Providence Journal, a consultant of the Thomas C. Slater Compassion Center advised House lawmakers the dispensary would give the state the cash if it scrapped a plan to improve the variety of dispensaries from three to 15.

Here’s what you want to know:

  • Regulators are selling the rise in dispensaries as means to lower costs, ramp up competitors, supply extra selection to sufferers and enhance entry to a rising affected person pool.
  • An improve in dispensaries would additionally usher in $5 million in income for the state, regulators say.
  • Existing enterprise house owners argue that the transfer would threaten the viability of their corporations.

Existing house owners additionally fear concerning the influence of neighboring Massachusetts’ leisure market when it comes on-line.

Regulators are downplaying that concern, nevertheless, saying the cannabis in Massachusetts shall be costlier, for instance.

Categories: Briefs, Dispensary/Retail Store Business News, Rhode Island Medical Cannabis Business & Marijuana Legal News





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