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Where can i buy weed in Nevada: A major hurdle from the cannabis control commission for recreational Medical cannabis sales in the Bay State was cleared on Monday.
The Massachusetts Cannabis Control Commission (CCC) has granted its first provisional retail license to sell adult-use marijuana. The five member commission unanimously voted to grant the license to Cultivate, a medical cannabis dispensary currently operating in Worcester County.
The company describes itself as a farm-to-table operation, and takes pride in the fact that it grows and sells medicinal grade cannabis at the same location. The company has also applied for cultivation and manufacturing of adult-use cannabis. Planning documents show it plans to use the same address for retail sales, as well.
“We’re very excited to be the first and with this exciting industry ahead, we all feel it’s going to be tremendous for the Commonwealth,” said Sam Barber, president of Cultivate.
It is still unclear when Cultivate can start selling product since the CCC is still sifting through applications for other parts of the supply chain. For example, the CCC has yet to license an independent testing lab, which would be required to approve adult-use cannabis for sale. This could took weeks; or it could take months.
Medical cannabis is untaxed, while adult-use marijuana comes with a 6.25 percent sales tax, a 10.75 percent excise tax, and a local options tax of up to 3 percent.
CBS Boston reported that Cultivate told regulators it would provide 10 percent of net profits to local charities once it is profitable.
Late last month, Milford-based Sira Naturals became the first company licensed in Massachusetts to grow adult-use cannabis for the industry. That company was also approved Monday to manufacture marijuana edibles and to transport the drug within the Commonwealth.
The Cannabis Control Commission announced on June 28 that it has introduced a first-in-the-nation Social Equity Program designed to create sustainable pathways to the adult-use cannabis industry for people disproportionately harmed by marijuana prohibition.