Rhode Island Real Estate & Cannabis Regulations

Cannabis Status: Open for Medical and Pending for Adult Use

Currently there are three separate adult-use legalization proposals working their way through the Rhode Island legislature, and there is significant confidence amongst lawmakers that they can come to a finalized bill they can pass at some point in the fall of 2021. Stay tuned for updates on what a final adult use program may look like in Rhode Island.

Name: Rhode Island
Population: 1.059 million
Median Income: $67,167
Cannabis Uses: Cultivation, Cooperative Cultivations, Compassion Centers, Testing

Rhode Island State Cannabis Overview: Rhode Island currently allows for only medical cannabis use for a variety of medical conditions. There are several adult use cannabis bills currently being considered by the legislature and it is quite likely that the state will legalize recreational cannabis at some point in the fall legislative session.

Rhode Island Cannabis & Commercial Real Estate Research

Rhode Island currently only allows medical patients with the following medical conditions: Cancer or the treatment of this conditions: Glaucoma or the treatment of this condition, Positive status for Human Immunodeficiency Virus (HIV) or the treatment of this condition, Acquired immune deficiency syndrome (AIDS) or the treatment of this condition, Hepatitis C or the treatment of this condition. A chronic or debilitating disease or medical condition or its treatment that produces one or more of the following: Cachexia or wasting syndrome, severe, debilitating, chronic pain, severe nausea, seizures, including but not limited to those characteristic of epilepsy, severe and persistent muscle spasms, including but not limited to those characteristic of multiple sclerosis or Crohn’s disease, or agitation related to Alzheimer’s Disease.

Uses: Cultivation, Cooperative Cultivations, Compassion Centers, Testing

Distance Requirements: Set by local jurisdiction.

Caps: There is a limit of nine total Compassion Center licenses available in the state. There are currently six total Compassion Centers still available in the state.

The application period for cultivators is currently closed.

Tax Rate: 7% state sales tax, plus any local tax

Providence
Cranston
Warwick
Pawtucket
Woonsocket
Newport

Visit CREC Portal for more information on Rhode Island real estate.

CHAPTER 21-28.6 The Edward O. Hawkins and Thomas C. Slater Medical Marijuana Act

http://webserver.rilin.state.ri.us/Statutes/TITLE21/21-28.6/INDEX.HTM

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