Massachusetts House passes cannabis bill to reshape market

Massachusetts House passes cannabis bill to reshape market

The Massachusetts House of Representatives has approved a significant cannabis bill aimed at updating the state’s regulatory framework to better align with the industry’s growth. This legislation could create substantial changes for both businesses and consumers.

Key provisions in the bill include an increase in the number of cannabis retail stores that a company can own. The limit will rise from three to six stores over a three-year period. Supporters argue this change will encourage economic growth and attract investment into Massachusetts. Brandon Pollock, CEO of Theory Wellness, expressed the need for this adjustment, stating, “I know a lot of entrepreneurs that want to sell but I can’t buy them because we’re at our limit of stores.”

In addition to expanding retail ownership, the bill proposes a restructuring of the Cannabis Control Commission (CCC), reducing its members from five to three. All commissioners will now be appointed by the governor. This change aims to make the commission more responsive to industry needs, addressing criticisms of its previous slow pace. However, some stakeholders worry that this centralization might lead to increased political influence and potentially undermine the commission’s effectiveness by reducing continuity.

For consumers, the legislation also suggests a rise in the daily purchase limit of marijuana from one ounce to two ounces, allowing businesses to cater to high-spending customers more effectively. This adjustment is expected to help alleviate the financial pressures many cannabis retailers are currently facing.

Concerns persist regarding the impact on smaller, equity-owned businesses, as larger corporations may dominate the market once these changes take effect. The bill also includes revisions for the medical marijuana sector, eliminating a requirement for vertical integration and implementing stricter regulations on hemp-derived products, limiting their sale to licensed dispensaries.

Jeremiah MacKinnon, president of the Massachusetts Patient Advocacy Alliance, expressed optimism about these changes, believing they will create a more competitive market for medical marijuana, ultimately benefiting patients through better pricing.

The House passed the bill with overwhelming support, recording a 153-0 vote. However, the next steps in the Senate remain uncertain, and their decisions will play a critical role in determining the bill’s final shape and implementation timeline.

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