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Your email address will not be published.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

4/20 grew from humble roots to marijuana’s high holiday

Saturday marks marijuana culture’s high holiday, 4/20, when college students gather — at 4:20 p.m. — in clouds of smoke on campus quads and pot shops in legal-weed states thank…

Budget deal ends marijuana potency tax and targets illegal shops in New York

The state budget that’s expected to be adopted in the coming days calls for repealing the potency tax on marijuana products as well as new regulations intended to give local municipalities, including…

4/20 grew from humble roots to marijuana’s high holiday

SEATTLE (AP) — Saturday marks marijuana culture’s high holiday, 4/20, when college students gather — at 4:20 p.m. — in clouds of smoke on campus quads and pot shops in…

Amended CT Bill Creates New Hemp Categories

Significant adjustments have been made to Connecticut House Bill No. 5150, the omnibus cannabis/hemp legislation that is waiting to be taken up by the full House. An amended version of…

More Categories

Back To Top
×Close search
Search