Rhode Island

Thu
29
Jul

Medical cannabis lottery delayed for appeal in Rhode Island

State regulators say the lottery to award licenses to operate six new medical cannabis facilities has been delayed due to an ongoing appeal of a rejected lottery applicant.

The administrative appeal first delayed the lottery in the spring and now it will not happen the first week of August either, the Providence Journal reported.

Matthew Santacroce, chief of the Office of Cannabis Regulation within the Department of Business Regulation, said Tuesday that the lottery will not be scheduled until the appeal has run its course and it remains unclear how long that could take.

The new facilities will be dispersed around the state in six regions, joining the dispensaries in Providence, Portsmouth and Warwick.

Wed
30
Jun

Connecticut Legalized Recreational Cannabis, What States Is Next?

After passing a bill back and forth between the Senate and the House, and threats of a veto if certain provisions remained, Connecticut became the 18th state, when it legalized recreational cannabis this week. The question now, which state is next, and when can we expect it to happen?

Thu
24
Jun

After Connecticut legalizes marijuana, only 2 New England states now prohibit cannabis

After Connecticut Gov. Ned Lamont signed the state legislature's bill legalizing recreational marijuana on Tuesday, eyes are now on Rhode Island and New Hampshire as the final holdouts in New England to legalize cannabis.

Some marijuana rights advocates told ABC News it's only a matter of time before the two states join their neighbors, given the millions in extra revenue from marijuana sales and the calls for criminal justice reform from their constituents.

 

"I think the pressure will be there, being islands of prohibition in the Northeast," DeVaughn Ward, the senior legislative counsel for the non-profit group the Marijuana Policy Project, told ABC News.

Thu
24
Jun

Rhode Island Senate Approves Legal Cannabis

Rhode Island just made history by approving a legal cannabis bill. The proposed legislation passed 29-9 earlier this week. 

The bill is sponsored by Michael McCaffrey, Democrat and the Senate Majority Leader and Health & Human Services Chairman Joshua Miller, another Democrat. It was introduced back in March, and another legal cannabis proposal was brought up in the state by Governor Dan McKee. 

Thu
17
Jun

Legal Cannabis Could Soon Make Its Way Into Rhode Island

Will Marijuana Be Legalized In Rhode Island This Year?

At the start of the week, the Senate committee of Rhode Island has passed a piece of cannabis legislation. This bill is now being championed by heads in the chamber. This new bill will be the first time that piece of legislation like this has advanced in the state. The current cannabis bill is to legalize recreational marijuana in Rhode Island.

Thu
15
Apr

Cannabis Real Estate Boom In the Northeast

Real estate is one of the more difficult aspects of the cannabis industry. Securing a license is tough but getting your location is even tougher. Each state has different regulations and restrictions, which combined with unique real estate markets makes finding and securing property essential. It’s an expensive endeavor and one in which traditional mortgages aren’t typically an option. 

This presentation will focus on the New England and New York area cannabis real estate markets. It will cover the following states: Maine, Vermont, New Hampshire, Connecticut, Massachusetts, New York, New Jersey, and Pennsylvania. 

Thu
15
Apr

Rhode Island State receives no bids to run lottery for new medical marijuana dispensaries

State marijuana regulators are reconsidering how they will now run a lottery to decide who wins licenses to operate six additional medical marijuana dispensaries after no business answered a bid solicitation to develop the process. 

"Unfortunately, the state did not receive any responses," Brian Hodge, a spokesman for the Department of Business Regulation, said Wednesday. "We are currently exploring alternative options and still expect to conduct the lottery by later this spring." 

In February the state sought a company to “design and develop the methodology for the random selection process,” that would be held, in public, around May 14. 

Fri
09
Apr

How Much Are States Making In Marijuana Tax Revenue?

Cash-strapped governments around the country have found a silver lining in the pandemic-caused loss of tax revenue. Legalized marijuana has provided millions to state and local governments - in some cases, millions more than anticipated.

The ability to raise tax dollars has been a selling point for marijuana legalization from the beginning. Long before the state legislature approved adult-use sales, Illinois politicians hoped marijuana could help the state pay off some of its massive debt. Other states, such as Colorado, have used sales tax dollars to fund schools and public improvement projects and programs.

Wed
07
Apr

Rhode Island Cannabis Workers Go Union

The Rhode Island cannabis industry is projected to generate $1.7 million in tax revenue in the 2022 fiscal year, and is set to bring in $16.9 million in 2023 tax revenue.

Wed
10
Mar

Rhode Island Senators Propose Recreational Cannabis Legalization

glass jar filled with cannabis tipped over on table

Rhode Island is the next in a series of states to propose recreational cannabis as a way to boost the economy following the impacts of COVID. 

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