Rhode Island

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. 

Mon
01
Mar

Rhode Island seeks bidders to run a lottery to decide who operates 6 new medical marijuana dispensaries

inside of a cannabis greenhouse

Rhode Island is looking for an experienced person or a firm to create and run a lottery in May to decide who operates six proposed new medical marijuana dispensaries.

On Friday the state posted online a request for proposals to “design and develop the methodology for the random selection process,” that would be held, in public, around May 14.

“The firm or individual will be primarily responsible for securing all equipment, technology, or other necessary mediums to run the process.”

Lotteries have been used in other jurisdictions around the country to decide who wins the often lucrative licenses, but the practice hasn’t been universally endorsed here.

Mon
01
Feb

5 States That Might Legalize Marijuana in 2021

In 2020, the number of states that ended pot prohibition reached 15 (and the District of Columbia), as voters in four states—Arizona, Montana, New Jersey, and South Dakota—legalized marijuana through the initiative process. Since 2021 is not an election year, any states that attempt to legalize marijuana this year will have to go through the much more cumbersome legislative process, but at least a handful of them are poised to do so.

Thu
07
Jan

Who will win the lottery to run Rhode Island's six new medical marijuana dispensaries?

inside dispensary shop

David Spradin is the CEO of a California-based marijuana company called Perfect Union.

It has 14 marijuana stores between Los Angeles and Sacramento, six stores in New Mexico and has had stores in Oregon and Washington, says Rick McAuliffe, a Rhode Island lobbyist who now also serves as a director for Spradin’s new local affiliate: Perfect Union-RI.

The company and 27 other businesses all filed applications last month for a chance to run one of six new medical marijuana dispensaries planned for Rhode Island. 

Fri
24
Jul

Medical marijuana sales in Rhode Island climb again

Sales of medical marijuana in Rhode Island climbed again in the fiscal year that ended in June, the third consecutive year of increased sales.

The Department of Business Regulation estimates Rhode Island's three dispensaries sold almost $60 million in medical marijuana, up from $53.5 million the year before, the Providence Journal reported.

The department calculates the amount based on revenues from the state's 4% surcharge imposed on medical marijuana sales.

Last year, state legislators passed a budget that included plans to open six new dispensaries in Rhode Island. Interested applicants can apply to be included in a lottery that will distribute the new licenses.

Wed
08
Jul

More states allowing telehealth consults for cannabis authorization

Until recently, the term “telehealth” was known in the medical community, but not the cannabis community.

Since the COVID-19 outbreak sent the country into lockdown, medical marijuana users in many states can now check in with a health care provider by video for authorization, rather than an in-person meeting.

According to MPP.org, 31 states currently allow telemedicine for cannabis patients – 11 of which have temporarily altered their laws as a result of the current coronavirus pandemic.

Wed
13
May

University of Rhode Island Aims to Offer Online Course on Cannabis

Students enrolled at the University of Rhode Island may soon have the opportunity to participate in a new undergraduate certificate program in cannabis studies.

Fri
17
Jan

Where Does Rhode Island Stand on Marijuana?

In the early evening of June 22, the Rhode Island House of Representatives passed the state’s $9.9 billion budget for fiscal 2020. Among the high-profile provisions in the 488-page spending plan was Article 15, which significantly reshaped the state’s medical marijuana industry. After six years of three dispensaries, the General Assembly expanded the marketplace to nine, and doubled the price of a license to $500,000.

In his budgetary post-mortem, House Speaker Nicholas Mattiello expressed his satisfaction with the final product: “There is something in there for almost every segment of society. I would guess that everyone in this chamber [got] something they liked, but not everything they liked.”

Pages

Subscribe to RSS - Rhode Island