Photo by Michael Denning on Unsplash
Rhode Island’s Governor Dan McKee signed into law the Rhode Island Cannabis Act on May 25, making Rhode Island the 19th state in the U.S. to legalize adult-use cannabis.
Existing medical operators will be eligible to obtain licenses to sell recreational cannabis starting on December 1 for $125,000 fee. The state will also allow social equity applicants and worker-based cooperatives to sell recreational cannabis. It will tax adult-use cannabis products at an additional 10%, including a 3% local tax. However, the law allows municipalities without medical marijuana dispensaries to prohibit adult-use sales if they elect to do so.
