Need assistance getting a cannabis business license? Schedule a Free Consultation
A Rhode Island marijuana dispensary agrees to pay a $10,000 penalty to the state to resolve a vendor payment issue.
The consent agreement between the Thomas C. Slater Compassion Center and the Office of Cannabis Regulation was formalized Jan. 25, according to records.
State regulators accused the Slater Center of failing to pay marijuana cultivators it was buying product from within 30 days and not having formal agreements with cultivators, as required.
The issue was from a period at the beginning of 2023, not long after adult use recreational cannabis sales began in Rhode Island.
NBC 10 News initially reported last year that recreational marijuana sales in Rhode Island were slower than anticipated.
Regulators state the Slater Center owed more than $550,000 to 10 cultivators at the end of April 2023 for a period from mid-January to mid-March.
The cultivators have since been paid.
In addition to the $10,000 penalty, the consent agreement calls for monthly monitoring of Slater’s vendor payments by a third-party accountant for the next year.
A spokesman for the Slater Compassion Center declined comment on the consent agreement.