Investor Presentaiton
Program Background and Overview
Rhode Island's medical marijuana program has evolved in meaningful ways since its establishment some 15 years ago. At a high
level, these changes have aimed to introduce and enforce rigorous standards around patient access, product availability and quality,
adherence to state and local law enforcement protocols, and professionalization of the burgeoning cannabis industry in Rhode Island.
2005: MMP created by RI General Assembly
•
•
2013: Decriminalization of possession of small amounts (<1 oz.)
•
2016: Licensed cultivation program established
•
2019: Legislation enacting compassion center expansion from three to nine (six new; one per regulatory zone)
•
October 2021: Administrative lottery held to award six new compassion center licenses
•
2018, 2019, 2020: Adult use legalization proposed by Gov. Gina M. Raimondo
•
2021, 2022: Adult use legalization proposed by Gov. Dan McKee
•
May 2022: Rhode Island Cannabis Act passed by General Assembly and signed into law
•
December 2022: Adult use sales begin in Rhode Island, placing RI among 23 states plus D.C. with legal adult-use sales
| 7
RHODE
ISLANDView entire presentation