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RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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Raimondo Out of Budget Ideas? Gov. Proposing Legalization of Marijuana in RI

Monday, January 14, 2019

GoLocalProv News Team

 

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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Governor Gina Raimondo's big initiative for her 2nd term is legalization

You can’t call it a complete flip-flop, but previously Governor Gina Raimondo both in the 2018 gubernatorial debates, and prior, said that she is not opposed to legalizing marijuana, but wanted to see if Rhode Island could learn from Massachusetts' implementation.

Now, Raimondo is rolling out a plan to legalize marijuana as her first major initiative for her second term. 

Massachusetts opened its first stores in mid-November and has only just begun -- to date, fewer than ten have opened or been approved to operate.

Six retail locations are open and three more have been approved. None of the approved locations are in a major city. A Fall River location is scheduled to open in later in January.

It is unclear what has been learned in the two months.

To date, marijuana tax revenue to the Commonwealth has seen massive growth. Forbes reports, “Bay State’s legal pot business has been raking it in thus far. In just six weeks, customers spent nearly $15 million at the two locations and three others that opened their doors in 2018, according to Massachusetts’ Cannabis Control Commission (CCC), the independent regulatory body that oversees the state’s recreational and medical marijuana industries. With dozens of applications for additional stores in works, CCC chairman Steven Hoffman recently said he expects to see between four to eight new marijuana retailers come online per month moving forward.”

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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MA revenue to date

Raimondo’s Motivation

Part of Raimondo’s motivation may be a scramble to make up for revenue for what looks to be a failed sports betting initiative that she spearheaded.

The bungled and delayed launch downgraded state revenue estimates from $23.5 in the fiscal year to just $11.5 million and even reaching that number may be stretch.

Repeatedly in interviews on GoLocal LIVE, Speaker of the House Nick Mattiello has repeatedly expressed reluctance to legalize marijuana for consumer use without significant study. In order to realize any significant revenue boost in the upcoming fiscal year, there would be little data from Massachusetts to evaluate.

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

 

Related Slideshow: Marijuana Legal in MA, Sports Betting Going Live in RI — What You Need to Know - Nov, 2018

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Age - MA Marijuana

You must be 21 years of age unless you have an existing medical condition which allows you to access medical marijuana.

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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Age - Sports Betting Rhode Island

Gamblers must be 18 years of age or older for all forms of gambling in RI.

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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Can Out-of-Staters Buy Marijuana in MA?

There is no prohibition to Rhode Islanders -- or anyone else -- from buying in the Commonwealth.

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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Can Out of Staters Sports Bet in RI?

Much of the marketing will be focused on out-of-staters.

 RI and the Tiverton Twin River facility is expected to begin sports gaming in December

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