Marijuana in Massachusetts: Cultivate becomes first company to get retail license
Massachusetts hit another milestone in its era of legalized marijuana: State regulators granted Cultivate a license to sell recreational marijuana at the company’s existing medical marijuana dispensary in Leicester.
The five-member Cannabis Control Commission unanimously voted to grant the retail license to Cultivate Holdings, Inc., which operates the first medical marijuana dispensary in Worcester County.
Medical marijuana is untaxed, while recreational 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.
Although July 1 was a target for having Massachusetts retailers selling recreational marijuana, the date was not mandated by law.
The timeline for when Cultivate can start selling recreational marijuana is unclear, since the commission is still sifting through applications for other parts of the supply chain, from transportation licenses to cultivation and manufacturing licenses.
The retail license comes with conditions, and Cannabis Control Commission inspectors must review operations to ensure the company meets the conditions before finalizing the license.
Cultivate has also applied for a cultivation and manufacturing licenses, but those are still pending.
The company told regulators it would provide 10 percent of net profits to local charities once it’s profitable.
In late June, the Cannabis Control Commission approved a cultivation license for Sira Naturals in Milford. The company has medical marijuana dispensaries in Needham, Somerville and Cambridge.
On Monday, Sira Naturals also won licenses for transportation and product manufacturing. They’re seeking to manufacture cannabis oil, brownies and gummies, among other items.
As of last week, 19 entities have submitted completed applications to become marijuana retailers, according to the commission.
Massachusetts voters broadly legalized marijuana for recreational use among adults 21 years and over in November 2016. State lawmakers reworked the new law and