Small but mighty, Rhode Island has an attractive license to state cannabis revenue ratio. Moreover, the state opened up applications for an additional six retail licenses, essentially tripling the current number of retail licenses.
Rhode Island lawmakers met in November 2020 to discuss the legalization framework for 2021. At this point, it is not a question of "if," but "when and how."
August 2019 | Acreage plans to acquire Green Leaf - this agreement was ultimately terminated but shows interest in the state
Currently three dispensaries are divvying up this $72MM market, so it will be interesting to see if there enough demand to support six additional dispensaries. Look to the six additional retail licenses being issued as they have high ROI potential.