“I mean, you spend a half a million dollars on a piece of equipment. Let’s say there’s five hundred growers and they’ve got twenty samples each a month and you divide half million by, you know, with a payback of maybe two or three years, you’re still looking at three or four hundred dollars per sample.”
The bill would make Rhode Island the fifth state in New England to legalize adult use cannabis, and it would also set aside licenses reserved for social equity candidates.
Rhode Island allows medical patients to possess up to 12 adult plants and 12 immature plants at one time.
Massachusetts was the only New England state that saw growth of the states Grown In is tracking, while Rhode Island and Maine’s cannabis sales stalled.
Rather than act as a central storage repository for the data, Koski said that Metrc provides state governments with the tools to monitor their own databases that the state operators report to.
The fate of Rhode Island’s final medical cannabis license will likely remain unknown into 2022.
Connecticut, New Hampshire, and Vermont do not currently report nor collect sales figures for legal cannabis.
Rhode Island cannabis regulators have yet to announce plans to award a sixth, and final, medical dispensary license.
The winners of five coveted medical cannabis licenses in Rhode Island face a tight deadline before they must open their respective dispensaries.
With three different, competing bills for legal adult-use cannabis coming from Rhode Island’s Governor, House, and Senate, the question is not “if?” but rather “how?”
