Rhode Island recreational marijuana pitched by Gov. Raimondo

  • Rhode Island’s governor is pitching an unconventional recreational marijuana legalization plan centered on state-owned stores operated by private contractors, which would offer modest business opportunities for cannabis entrepreneurs.
  • In particular, the state is losing revenue and economic opportunities to bordering Massachusetts, where the recreational marijuana program is picking up steam after a slow start.
  • Rhode Island’s  draft legislation , which is considered a long shot in the Legislature this year, calls for licenses for private cultivators and processors as well as the contractors that would manage the retail stores.
  • Private contractors would acquire MMJ products from private growers and processors as well as receive a fee from the state for operating the Rhode Island-owned retail stores.
  • Moffat said MPP would like to see a backup plan with a more traditional model of licensing recreational cannabis retail stores owned by private businesses.

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