- 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.
Read full article: mjbizdaily.com