Rhode Island gov wants to triple medical marijuana dispensaries 

Prices dropping? Rent rising? Get practical insights and proven strategies for running a successful cannabis retail operation with the MJBizDaily Retail Strategy Buyers Guide. Download your free copy. 

Rhode Island’s governor has called for an increase in medical marijuana dispensaries in the state and a hike in licensing fees to generate another $1.5 million in revenue.

Democratic Gov. Gina Raimondo submitted a budget amendment June 9 calling for “no less than six licensed compassion centers,” the Providence Journal reported.

The existing three centers each would be allowed to open a second retail-only location.

However, those three dispensaries – in Providence, Warwick and Portsmouth – have resisted a bill that would create additional MMJ businesses, arguing there’s no demonstrated need for more dispensaries. Rhode Island has more than 16,000 MMJ patients.

State Budget Officer Thomas Mullaney wrote in a letter that the additional dispensaries would be located in “underserved areas” of the state.

The governor’s budget amendment calls for an increase in compassion center application fees from $250 to $5,000 and annual licensing fees from $5,000 to $25,000.

– Associated Press