Marijuana-Stocks-Massachusetts-state-seal

With the North East looking to make an impact on the marijuana industry, Massachusetts medical marijuana program is slowly but surely moving along. Massachusetts is displaying its progress in developing a medical marijuana industry after a 2 year halt, with its attempt at opening the first dispensary and preparing for lift-off. The state issued amended licensing rules this past week to make the process smoother for the future.

However, don’t expect for hotgates to open anytime in the near future though. Currently only a few companies are waiting to open marijuana shops in the coming  months. A company by the name of Alternative Therapies Group has initiated the process of cultivating medical marijuana. Once the company is ready to open its doors to their dispensary in Salem, it “will still need financial approval from the State of Massachusetts,” stated a spokesman for the Massachusetts Department of Public Health, Scott Zoback, who has an overview of the MMJ program.

Alternative Therapies received E-mails that were not returned, however observers stated the company would be allowed to open in June or July.  Another company added to the mix, New England Treatment Access, gained approval to grow about 2 weeks ago and would be able to open at least one of its two planned dispensaries this fall. Various companies that were issued initial approval have not yet been given the green light to start the growing process, so it’s unsure when they will really be allowed to open dispensaries. With the long cycle that is required to grow the first harvest, it is possible that it will not be until late this year or even into 2016 for the first budding businesses to blossom in MA.

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