New Hampshire Lawmakers Consider Veto of Bill To Allow Medical Marijuana Dispensaries To Be For-Profits

Operators of medical cannabis dispensaries are urging legislators to overturn a veto of a bill that would allow them to operate as for-profit companies.

Ted Rebholz is CEO and founder of Temescal Wellness, which currently has dispensaries in Dover and Lebanon.

He says the bill means lower prices, more access for patients, and more product selection for qualifying patients.

“It’s going to help patients, and it’s going to help patients almost immediately,” he says.

When the state’s medical marijuana program was enacted in 2013, it required dispensaries to operate as non-profit entities.

Rebholz says it’s all about financing.

“It seems ironic and counterintuitive to a lot of people, but allowing us to convert from a non-profit to a for-profit means that we can move away from a reliance on debt,” he said. “And we can move away from every single month sending lots and lots of money out the door to lenders and, instead, we keep that money at home, and we spend that money where it should be spent, which is on our patients and our employees.”

There are more than 7,000 people enrolled in the state’s therapeutic cannabis program. Access and affordability continue to be issues raised by patients and caregivers enrolled in it. [Read more at New Hampshire Public Radio]