Rhode Island Receives 45 Applications for 6 New Medical Cannabis Dispensary Licenses

Rhode Island has received 45 applications for six new medical cannabis dispensary licenses, according to an AP News report.

If all applicants meet state requirements for a license, six will randomly be selected in a lottery to operate retail locations in different regions across the state, the news outlet reported.

Officials with the Rhode Island Department of Business Regulation have not yet set a date for the lottery, according to AP News.

RELATED: Rhode Island Opens Application for New Medical Cannabis Dispensary Licenses

To qualify for a license, applicants had to submit detailed financial information, proof of a physical retail site and a $10,000 application fee, the news outlet reported.

Those ultimately awarded a license will join the state’s three operational medical cannabis dispensaries, but will not be permitted to be vertically integrated and grow their own product, according to AP News.

]]>

More Rhode Island Receives 45 Applications for 6 New Medical Cannabis Dispensary Licenses