Rhode Island Received 45 Applications For Cannabis Dispensary Licenses

As more and more states come on line and issue licenses for both medical and recreational cannabis we are seeing dramatically increased competition for those licenses. In Rhode Island we saw 45 applications for only 6 available licenses. While many applicants will be denied in the short term this is another area of life where long term thinking is the better plan.

We recently saw a story out of Los Angeles where almost 50 licenses to dispense cannabis where being issues to new licensees as a result of being revoked from the current license holders. The revocation reason boils down to not knowing and following the rules. One person’s loss will ultimately be another person’s gain. The licenses are being revoked for failure to pay renewal fees on time… there is no grace period!

Another factor that many license applicants may not consider is the increased demand these 6 licenses will create. As more of the reluctant adopters change their behavior there will likely be an increase in demand for the product. Much of this increase in demand will come from cannabis grown and harvested using techniques and grown using exacting formulas with a specific result in mind.

At one point in time cannabis was a one size fits all product and that’s no longer the case. Cannabis Grow Builders designs and builds grow houses with the highest levels of controls in mind and we help our clients produce the best quality product anywhere. High quality products demand higher profits for the grower. We Can Help You Too!  

Cannabis Grow Builders has been involved in the emerging legal Cannabis Industry as a builder and developer of grow facilities since 2016. Daniel Stevenson and his team work with Cannabis Entrepreneurs and Solopreneurs to maximize the potential in their business while remaining on the cutting edge of constantly changing governmental regulations. Please reach out to us at 916-933-7333, via e-mail at daniel@cannabisgrowbuilders.com

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