July 22, 2014

NJ, RI Hold Back Multi-Million Dollar Marijuana Centers

6/8/2011 – There are nine state-approved medical cannabis facilities prepared to open on the east coast. They have veritable dream-teams of expert staffers and some have tens of millions of dollars ready to invest. But Rhode Island Gov. Lincoln Chafee and New Jersey Gov. Chris Christie are holding them back.

The six in NJ and three in RI have already been approved by state authorities after a tough bidding process. On paper, they are the most heavily regulated and carefully vetted marijuana centers in the country.  But a perceived threat of federal law has given pause to the two governors. [Read more...]