Rhode Island Becomes 19th State to Legalize Cannabis

Rhode Island Becomes 19th State to Legalize Cannabis - | HempRevs

Rhode Island Gov. Dan McKee (D) on Wednesday signed the bill to legalize cannabis for adult use just one day after it was approved by the Legislature, WPRI reports. Rhode Island is the 19th state to legalize cannabis for adult use.

“This bill successfully incorporates our priorities of making sure cannabis legalization is equitable, controlled and safe.” – McKee, during the signing ceremony, via WPRI

Under the measure, adults 21-and-older can purchase and possess up to an ounce of cannabis and keep 10 ounces at home for personal use. Adults can also cultivate up to six plants at home, including three mature and three immature plants. The state will license 33 retailers across six zones and impose a 10% excise tax, along with the state’s 7% sales tax, and a 3% tax which would go to municipalities.

The legislation also includes automatic expungement provisions, giving the courts until July 1, 2024, to provide relief to all that are eligible. Any prior civil violation, misdemeanor, or felony conviction for cannabis possession that is legal under the law will be automatically erased from court record systems under the criminal justice reforms.

An early fiscal note on the bill estimated first-year sales – from 2023 to 2024 – would reach $14 million in new revenue for Rhode Island with cities and towns receiving about $2.5 million, the report says. More than $5 million would be used to administer the program, the note estimated; however, the bill passed by the Legislature did not include fiscal estimates and assumed sales would begin on October 1 while they are expected on December 1.

Get daily cannabis business news updates. Subscribe

Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.

Thanks for reading our latest news article. Stay up to date on the latest hemp news, sourced and approved by HempRevs. If you have any questions or comments, please feel free to leave us a message in the comments!

Sign up for our weekly newsletter to stay up to date on the latest Industry news and follow our site for our next news story!

Source Disclaimer: This article was was sourced from Ganjapreneur.com (the Original Publisher). In order to maintain the functionality, trust, and safety of HempRevs.com, the content sourced from the Original Publisher may have been altered. Read the original article here:
Rhode Island Becomes 19th State to Legalize Cannabis

Recent Articles

spot_img

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox

[tdn_block_newsletter_subscribe input_placeholder="Email address" btn_text="Subscribe" tds_newsletter2-image="730" tds_newsletter2-image_bg_color="#c3ecff" tds_newsletter3-input_bar_display="" tds_newsletter4-image="731" tds_newsletter4-image_bg_color="#fffbcf" tds_newsletter4-btn_bg_color="#f3b700" tds_newsletter4-check_accent="#f3b700" tds_newsletter5-tdicon="tdc-font-fa tdc-font-fa-envelope-o" tds_newsletter5-btn_bg_color="#000000" tds_newsletter5-btn_bg_color_hover="#4db2ec" tds_newsletter5-check_accent="#000000" tds_newsletter6-input_bar_display="row" tds_newsletter6-btn_bg_color="#da1414" tds_newsletter6-check_accent="#da1414" tds_newsletter7-image="732" tds_newsletter7-btn_bg_color="#1c69ad" tds_newsletter7-check_accent="#1c69ad" tds_newsletter7-f_title_font_size="20" tds_newsletter7-f_title_font_line_height="28px" tds_newsletter8-input_bar_display="row" tds_newsletter8-btn_bg_color="#00649e" tds_newsletter8-btn_bg_color_hover="#21709e" tds_newsletter8-check_accent="#00649e" embedded_form_code="YWN0aW9uJTNEJTIybGlzdC1tYW5hZ2UuY29tJTJGc3Vic2NyaWJlJTIy" tds_newsletter="tds_newsletter1" tds_newsletter3-all_border_width="2" tds_newsletter3-all_border_color="#e6e6e6" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJib3JkZXItY29sb3IiOiIjZTZlNmU2IiwiZGlzcGxheSI6IiJ9fQ==" tds_newsletter1-btn_bg_color="#0d42a2" tds_newsletter1-f_btn_font_family="406" tds_newsletter1-f_btn_font_transform="uppercase" tds_newsletter1-f_btn_font_weight="800" tds_newsletter1-f_btn_font_spacing="1" tds_newsletter1-f_input_font_line_height="eyJhbGwiOiIzIiwicG9ydHJhaXQiOiIyLjYiLCJsYW5kc2NhcGUiOiIyLjgifQ==" tds_newsletter1-f_input_font_family="406" tds_newsletter1-f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTMifQ==" tds_newsletter1-input_bg_color="#fcfcfc" tds_newsletter1-input_border_size="0" tds_newsletter1-f_btn_font_size="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTEiLCJhbGwiOiIxMyJ9" content_align_horizontal="content-horiz-center"]