Rhode Island Accepting Applications for Six Medical Cannabis Dispensaries
Author Unity Rd, 2020
Support from Dispensary Franchise Unity Rd. Starts with Completing Dispensary Applications A new opportunity has opened for those in the Northeast looking to break into the cannabis industry. Rhode Island is currently accepting applications to license six additional medical marijuana compassion centers to support its $60+ million market. The compassion centers will operate as dispensaries, obtaining products from the existing cultivators to sell to registered patients. Cannabis dispensary franchise Unity Rd. starts its franchise partner support with the application process for a dispensary license – working hand-in-hand with partners to complete the necessary documents, identify the right location and guide them all throughout the process. This critical step can take a considerable amount of time to complete – don’t hesitate to contact Sarah Barker 208.724.1731 Sarah@SSBConsulting.us
KEY INFORMATION FOR INTERESTED RHODE ISLAND APPLICANTS:
TIMING: Applications will be accepted through December 15, 2020. The lengthy timeframe to complete applications is intended to give applicants sufficient time to select a location for their proposed compassion center and allow local governments time to hold public hearings on the proposals. Applicants will need to have a location that is approved for local zoning and meets requirements from schools and other restrictions. This can be a lengthy process so time is of the essence.
DETERMINING FACTORS: The licenses will be issued through a lottery process, with one permit issued for each of the six geographic zones. Once submitted, applications will be reviewed to determine if they qualify for the lottery process. The date of the lottery has not yet been announced, but will take place sometime after December 15.
THERE IS NO RESIDENCY REQUIREMENT: Applicants will be able to apply for a license in multiple zones, but will only be allowed to accept one license. If an applicant is chosen for more than one zone, the applicant will need to determine which zone they want to operate in and will forfeit the other zones, which will be filled by other applicants through the lottery process.
COST: The application fee is set at $10,000. Applicants will need to submit a number of other detailed financial information including operating capital, identity of investors and their current debt. If an applicant is awarded a license, they will be required to pay an annual licensing fee of $500,000.
*The application fee is set at $10,000 to the state’s DBR (Department of Business Regulation). Applicants will need to submit a number of other detailed financial information including operating capital, identity of investors and their current debt. If an applicant is awarded a license, they will be required to pay the state’s DBR an annual licensing fee of $500,000.
ABOUT UNITY RD.:
Unity Rd. is bridging the two previously disconnected worlds of cannabis and franchising. The industry trailblazer is the first to bring the cannabis dispensary franchise model to the United States—with duality of prowess in both industries to back it up. Built up from the legacy of a 10-plus year, award-winning Colorado dispensary and infused with decades of franchise experience, the company helps eager operators enter the complex industry with ease. The marijuana franchise pioneer offers its partners the knowledge, resources, and ongoing support needed to compliantly and profitably operate a dispensary. Recently, it was named one of the top cannabis retail leaders in the nation by MJBizDaily magazine. It also recently became the first cannabis business to earn a Franchise Times Dealmakers award – a recognition presented to the boldest players driving mergers and acquisitions in franchising.
Interested in breaking into the cannabis industry? Contact me today for this limited opportunity. Sarah@ssbconsulting.us