Rhode Island\u2019s largest dispensary is trying to get the state to cancel its plans to issue more medical cannabis dispensary permits, in exchange for a $5 million donation to help fill the state\u2019s budget gap.<\/p>\n
Chris Reilly, a spokesman for the Thomas C. Slater Compassion Center<\/a>, said the dispensary could pay the state $5 million, with the stipulation that the state would forgo issuing the remaining 12 out of 15 dispensary permits.<\/p>\n The Providence Journal reported that<\/a> Reilly pitched lawmakers on the deal this week.<\/p>\n \u201cWe\u2019re very sensitive to the state and its challenges,\u201d Reilly told members of the House Finance Committee, according to the newspaper. \u201cAnd if there is a way to find the $5 million that you need to plug the budget hole that you need for the coming fiscal year, we\u2019d like to be part of the solution.\u201d<\/p>\n TCS Compassion, as proven by this attempt at keeping their chunk of the market, clearly isn\u2019t a fan of the state\u2019s plan to add more licensed dispensaries \u2014 to increase competition among dispensaries, slash prices, increase the number of products and strains being used to produce those products and improve access for patients. The state believes the plan for more dispensaries could be worth $5 million more in tax revenue annually.<\/p>\n Essentially, TCS Compassion is trying to give the state the equivalent of a year of revenue from the program so that it won\u2019t increase competition.<\/p>\n<\/blockquote>\n The folks from TCS Compassion explained to lawmakers that the move to expand the number of dispensaries to 15 would be a major hit to the sustainability of their business, which already expected to take a hit when their neighbor, Massachusetts, begins adult-use sales this summer. Regulators in Rhode Island<\/a> aren\u2019t buying the Massachusetts argument quite yet, as they believe the loss will be minimal. Their reasoning is the pot up north will be more expensive and less potent.<\/p>\n According to the Providence Journal, Reilly told regulators he expected the new market to strain the program considerably and pointed to one community in Massachusetts that had plans for six dispensaries. (One could then argue that it\u2019s not a good sign if a single town in Massachusetts plans on having twice as many dispensaries as the whole state of Rhode Island.)<\/p>\n Another Rhode Island dispensary, Greenleaf Compassion Care Center, agreed with Reilly, and said that the state\u2019s current dispensaries have built business plans depending on a certain volume of patients, which would suffer if more dispensaries were added.<\/p>\n Seth Bock, CEO of the Greenleaf Compassionate Care Center<\/a>, shared his concerns with lawmakers on the expansion, saying it \u201cwould almost ensure that one, maybe two, dispensaries would go out of business.\u201d Bock also said 44 cents of every dollar he makes goes to surcharges and taxes. Bock told the Providence Journal he was hopeful lawmakers would add legal cannabis delivery service, but made the unfounded claim that technology needed to track drivers didn\u2019t exist.<\/p>\n The state\u2019s third dispensary, Summit Medical Compassion Center<\/a> in Warwick, also weighed in. SMCC\u2019s Terrence Fracassa didn\u2019t understand why lawmakers thought more dispensaries were needed in the first place.<\/p>\n From his perspective, they\u2019re currently meeting the needs of the Rhode Island patient community and, if they weren\u2019t, they could just expand their cultivation operations.<\/p>\n The state\u2019s top pot regulator, Norman Birenbaum, countered the dispensary arguments. He said that the fact 60,000 plants are tagged in Rhode Island homegrows and the dispensaries only having 10,000 combined is proof the market needs expansion.<\/p>\n \u201cFrom a business standpoint I understand the impulse to continue to protect the market share that they have,\u201d Birenbaum told the Providence Journal. \u201cProposed reforms are not being offered to fill a gap in the budget. They are not being offered to raise revenue or push the industry in a particular direction. They are being offered to address the very real problems we have in the medical marijuana program.\u201d<\/p>\n We reached out to the Marijuana Policy Project<\/a>, who helped pass Rhode Island\u2019s medical law in 2004, to get their take.<\/p>\n \u201cWe don\u2019t want to see existing medical marijuana providers fail, but a modest increase in the size of Rhode Island\u2019s medical marijuana program will be beneficial to patients,\u201d Morgan Fox, director of communications, told Cannabis Now.<\/p>\n TELL US,<\/strong> do you think dispensaries should lobby for less competition?<\/p>\n The post The Great Rhode Island Pot Buyout<\/a> appeared first on Cannabis Now<\/a>.<\/p>\n
Rhode Island\u2019s largest dispensary is trying to get the state to cancel its plans to issue more medical cannabis dispensary permits, in exchange for a $5 million donation to help fill the state\u2019s budget gap. Chris Reilly, a spokesman for the Thomas C. Slater Compassion Center, said the dispensary couldContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50,141,170,139,357],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/24936"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=24936"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/24936\/revisions"}],"predecessor-version":[{"id":24937,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/24936\/revisions\/24937"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=24936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=24936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=24936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\nRead More: The Great Rhode Island Pot Buyout<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"