Rhode Island budget to boost medical cannabis dispensary fee from $5K to $250K

The Rhode Island General Assembly has accredited a state budget that features a proposal to improve the fee medical marijuana dispensaries pay for licenses from $5,000 to $250,000.

Democratic Gov. Gina Raimondo says she is going to signal the budget Friday.

Previously, the governor had proposed a plan to open 12 extra medical cannabis dispensaries within the state, however the state’s House Finance Committee nixed that concept.

The enlargement had been pitched as a means to decrease costs by means of competitors, improve entry to lab-tested MMJ and scale back black-market exercise, in accordance to the Providence Journal.

“The proposal would have created far too many (compassion) centers,” House Speaker Nicholas Mattiello stated, utilizing the state’s identify for MMJ dispensaries.

“I don’t know what the right number is, but the whole system needs a comprehensive review before taking any further action. I don’t want to make a decision that may have to be pulled back.”

The Rhode Island Cannabis Association recommended that if the state is unwilling to permit extra dispensaries, demand on the three present MMJ retailers would stay too excessive and sufferers might be priced out of the authorized market, in accordance to Providence TV station WPRI.

– Associated Press and Marijuana Business Daily

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


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