skip to Main Content
Delays Driving Away Investors For Massachusetts Medical Marijuana Firms

Months of controversy and bureaucratic delays in the Massachusetts medical marijuana program have driven away some investors, stranding several of the companies awarded the first dispensary licenses and leaving them short on cash.

The uncertainty and mounting costs have pushed back the opening of the first dispensaries — originally expected last summer — to this summer, with some owners now saying they are unlikely to be ready until late this year.

The delay leaves thousands of patients in limbo. State figures show roughly 14,000 patients have received doctor certifications to use marijuana medicinally, and 7,100 of them have completed the state’s registration process, paying their $50 annual fee to legally shop in the dispensaries.

“It’s despicable,” said Nichole Snow, deputy director of the Massachusetts Patient Advocacy Alliance. “We need our medicine for relief from serious conditions. [Read more at the Boston Globe]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Israel to look into legalizing CBD

Israel is going to look into removing products containing cannabinoid (CBD) – the second-most prevalent active ingredient in marijuana, and one that does not produce psychotropic effects – from the list of dangerous drugs, the Health Ministry said on Tuesday in announcing the establishment of a committee to investigate CBD. “We are examining the removal…

Marijuana may make sleep worse, especially for regular users, study finds

It’s a common assumption among marijuana users: Using weed will help you fall asleep and stay asleep. Scientists, however, aren’t so sure that’s true. “This is an understudied but important area, as many people are increasingly turning to cannabis products as sleep aids,” said sleep specialist Wendy Troxel, a senior behavioral scientist at RAND Corporation, who was not…

What’s In a Number? Why You Should Be Thinking About Your ‘Perfect Order Index’

As the cannabis industry matures, executives have increasingly more access to data to analyze around how efficiently and how accurately they are fulfilling their customers’ demands. It’s paramount to success. Fail to honor your promise to your customer, and they will go elsewhere in the market. Competition is fierce. Fortunately supply chain experts have developed…

Master Grower or Master Electrician? Why Keeping Trades Separate Makes Good Business Sense

The tendency for many cultivation start-ups—especially those new to horticulture—is for the head grower to wear many hats. Although it’s tempting to have your team’s cultivation expert advise on everything under the sun, few are qualified to do so. Your master grower is not your master electrician. Unless your grower has an engineering degree, leave…

More Categories

Back To Top
×Close search
Search