With nearly 20,000 registered patients, Rhode Island’s medical cannabis program recently opened up its second round of applications for six additional medical dispensing licenses. Applicants have been given a five-month window to complete their applications, which includes several financial and ownership disclosures and three versions of each application submitted. Applicants who have paid the $10,000 application fee and meet the minimum requirements are entered into a lottery drawing. The drawing will choose one winner for each of the six geographic regions. Since existing dispensing centers are located in Providence, Portsmouth, and Warwick, those communities will eventually have two dispensaries within their borders. Winners will then have up to nine months to meet requirements and pay the $500,000 annual licensing fee.
The application period opened July 2020, and ends December 15, 2020, so please contact us today if you are interested in obtaining a license.