Rhode Island

Fri
22
Jun

New Rhode Island budget raises MMJ companies’ annual renewal fees from $5k to $250k

Rhode Island medical cannabis retailers will likely see the cost of their annual renewal fees increase fifty-fold — from $5,000 to $250,000 — after lawmakers approved a new state budget, according to a Providence Journal report. Gov. Gina Raimondo, a Democrat, is expected to sign the budget this week.

Fri
15
Jun

Rhode Island: Compassion center cuts in House budget benefit monopolies over patients

Buried under mounds of drama surrounding the House budget proposal, up for a vote on the floor Friday afternoon, those considering opening a medical marijuana dispensary in the state can find bad news and a rate hike to make your head spin.

The House has stubbornly rebuked Gov. Raimondo’s previous proposal to increase the number of dispensaries in the state from 3 to 15, and it has raised the licensing fees those current dispensaries are required to pay from $5,000 to $250,000—an increase 50 times over.

Thu
17
May

New Rhode Island bill would legalize cannabis for adults

A senator in Rhode Island is introducing a bill that would legalize marijuana by following the framework set by neighboring Massachusetts.

Sen. Joshua Miller, a Democrat, introduced the bill Wednesday. The proposal would create a system to tax and regulate marijuana in Rhode Island that mirrors the system in Massachusetts.

Voters there approved legalizing marijuana in November 2016. Recreational sales will become legal in July.

Miller’s bill would establish a 10-percent tax on marijuana sales in addition to the state’s sales tax. It would also allow for towns and cities to implement an additional tax up to three percent.

Miller says Rhode Island will miss out on revenue when Rhode Islanders cross into Massachusetts to buy marijuana.

Thu
05
Apr

From Rhode Island to Alaska, banks are still causing headaches for the cannabis industry

Federal marijuana prohibition impacts everyone in the newly legal field, from nationwide firms down to individuals simply trying to make a living in the sector.

Tue
20
Mar

Rhode Island & Connecticut lawmakers consider legalizing marijuana in fear of losing tax revenue to neighboring states

The legal retail of marijuana in Massachusetts begins July 1.

That’s prompted Rhode Island and Connecticut lawmakers to once again consider legislation to regulate the sale of recreational marijuana.

Similar legislation failed in both states last year.

Sam Tracey, with the advocacy group Connecticut Coalition to Regulate Marijuana, says Connecticut could lose millions of dollars in tax revenue to neighboring states if it doesn’t allow the retail sale of marijuana.

Wed
07
Mar

New report outlines policy options for legalizing and regulating marijuana in Rhode Island

The Marijuana Policy Project and its local partner Regulate Rhode Island have released a new report entitled, “How should Rhode Island legalize marijuana: Asking the right questions.”

The 42-page document features detailed discussion of different models for regulating marijuana for adults based on other states’ experiences and urges policymakers to consider the benefits and costs of various approaches.

Covering a wide variety of topics like supply structure, taxation, and product regulations, the far-reaching analysis outlines the choices state policymakers face when considering how to legalize marijuana.

Mon
05
Feb

Rhode Island Bill aims to add marijuana, vapor to secondhand smoke laws

 A state lawmaker has introduced a bill that would add marijuana smoke and vapor to Rhode Island's secondhand smoke laws.

A measure by Democratic Rep. Grace Diaz would add secondhand marijuana smoke or vapor, regardless of how the smoke or vapor was generated, to any state law that protects people from exposure to secondhand smoke.

The bill was referred to the House health and education committee.

Diaz, of Providence, says she wants to proactively address secondhand smoke from marijuana and vaping.

She says Rhode Island's secondhand smoke laws need updating.

Tue
09
Jan

Here are 5 states looking to legalize marijuana in 2018

The marijuana movement is charging ahead.

To date eight states — California, Colorado, Nevada to name a few — have legalized weed for recreational use since 2012. And the trend continues.

This year, several states all across the country are looking to legalize and, in turn, rake in millions of dollars in tax revenue.

Even with the Trump administration’s announcement last week that it would scrap an Obama-era policy offering legal shelter for state-sanctioned marijuana sales, organizers and lawmakers are forging forward with legalization efforts.

Here are some of those states:

Vermont

Wed
03
Jan

These states could legalize recreational cannabis in 2018

As of January 1, California began allowing the sale of marijuana to anyone over the age of 21. The move is expected to give a significant boost to California’s marijuana farmers, distributors, and retailers; an industry that analysts estimate will be worth around $7 billion within the next few years.

Although California started off the year with the most buzz around bud, it’s not the only state slated to legalize pot in 2018. The following states have either already legalized and are starting to transition into the commercial sale of weed, or are poised to let citizens legally toke.

New Jersey

Mon
13
Nov

Will your state be the next to legalize marijuana? Here's 5 that are close

Next year could see a huge shift in favor of green, and we’re not talking about the environment.

Lawmakers have taken notice of the shift in public opinion on marijuana legalization, and many are no longer afraid that supporting legal weed is political suicide. There are now eight states and the District of Columbia that have legalized marijuana, and four of those laws were enacted in the past year alone.

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