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Rhode Island set to launch adult-use cannabis market seen hitting $300M in sales

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Mother Earth Wellness in Pawtucket is one of five medical marijuana dispensaries in Rhode Island preparing to transition to adult-use sales on Thursday. (Photo courtesy of Joe Pakuris)

Rhode Island’s long-awaited shift to adult-use cannabis sales finally arrives Thursday in the nation’s tiniest state, a market that is expected to generate $300 million in sales within a few years.

Within New England, Rhode Island’s transition to adult-use retail follows Vermont’s recreational launch in October.

It also precedes neighboring Connecticut, which aimed to open its market by year’s end. That timeline, however, was likely kicked into 2023 because of regulatory-related delays and setbacks.

Rhode Island’s quick rollout – lawmakers approved recreational sales only six months ago – has presented some technical challenges but also some budding opportunities for dispensaries and suppliers to recapture business lost for years to neighboring Massachusetts.

In another deviation from the norm, the vast majority of Rhode Island’s municipalities authorized adult-use retail before the launch of sales.

Despite the opt-ins, the nation’s smallest state by landmass will roll out adult-use sales with only five licensed retailers.

They paid a premium to expand their customer base beyond medical marijuana patients.

The five recently approved businesses were:

  • Aura of Rhode Island in Central Falls.
  • Greenleaf Compassionate Care Center in Portsmouth.
  • Mother Earth Wellness in Pawtucket.
  • Thomas C. Slater Center in Providence.
  • Rise in Warwick.

“We’re very excited for recreational to open up. We think it’s going to be huge,” said Joe Pakuris, co-owner of Mother Earth Wellness, which opened its doors as a medical marijuana dispensary Nov. 18.

Rhode Island’s adult-use sales are expected to total $80 million within the first year and $300 million by the fourth year, according to MJBizDaily projections.

The market will open with 33 of the state’s 39 municipalities opting in, or nearly 85%.

It represents one of the highest, if not the highest, percentage of opt-ins by municipalities among any recreational market, according to MJBizDaily research.

By contrast, in California, the nation’s largest market, only about 40% of cities and counties are opting in for adult-use sales – and that’s one of the reasons the state’s underground market has thrived after legalization.

Voters in 31 Rhode Island municipalities earlier this month weighed in on legalization through ballot measures.

Recreational marijuana sales were rejected in Barrington, East Greenwich, Jamestown, Little Compton, Scituate and Smithfield, according to Providence TV station WPRI.

Cities that had already approved medical cannabis – including some of the state’s most populated, Cranston, Pawtucket, Providence and Warwick – were barred from opting out, a distinction a distinction that’s quite different than other marijuana markets.

The state will allow up to 33 adult-use stores, which must pay a 3% local tax on recreational cannabis sales and a 10% retail excise tax.

Cities that ban sales are not eligible for cannabis-generating tax funds.

Transitioning to adult-use sales

Rhode Island’s evolution into recreational sales is somewhat contradictory.

On one hand, the state was among the first to establish a medical market with the introduction of so-called compassion centers in 2009, a system largely unchanged until recently.

The Legislature first approved the use of medical marijuana in 2006 but didn’t vote on adult-use sales until 16 years later, when the House and Senate overwhelmingly approved a law change in May.

That solidified Rhode Island as the 19th state to legalize recreational marijuana, ending one of the last holdouts in New England.

New Hampshire is now the last outlier in the region.

The transition from outright legalization to establishing a regulated market took only six months, “marking the Northeast’s fastest implementation period,” Matt Santacroce, interim deputy director of the Rhode Island Department of Business Regulation, said last week in a news release announcing the licensed dispensaries.

That greenlight gave regulators and operators a relatively short window to implement Metrc, a seed-to-sale tracking software utilized in dozens of cannabis markets across the country.

Aura had only six to weeks to integrate the software and update its inventory as regulators worked out technical glitches and bugs.

“It is one of our concerns being that it’s such a complex integration systematically,” Aura operations manager Andrew Croan said.

The Rhode Island market will launch with a supply chain of nearly 70 licensed cultivators, processors and manufacturers, Democratic Gov. Dan McKee said last week.

Approved dispensaries contacted by MJBizDaily don’t expect inventory shortfalls at the initial rollout.

“Between them all, we should have enough product,” Croan said.

“It might get a little bony after the first three months here with the cycle of the plant, but I don’t think our shelves will be dry.”

Mother Earth features flower strains from more than 30 cultivators and operates a 10,000-square-foot cultivation center at its vertically integrated headquarters minutes from the Massachusetts state line.

“Cultivators have all been waiting for recreational to come on board,” Pakuris said. “This has just given time for everybody to refine what they do and get better.”

Mass opportunities

Rhode Island residents and visitors have been purchasing adult-use cannabis products at nearby MJ retailers in Massachusetts for four years.

Pakuris expects that to change in the coming weeks and months as local support increases, helping state operators recapture lost business, build new revenue streams and improve margins.

“We’re anticipating to actually get back 50% of the people that are going to Massachusetts once they see the great product offering here in Rhode Island,” he said.

Aura – located in Central Falls, the state’s smallest city at just over 1 square mile – sees only about 25 transactions per day. Two other marijuana retailers are within four miles, one in Rhode Island and one in Massachusetts.

“That is way lower than we anticipated,” Croan said. “The increased foot traffic is what we’re excited for most.”

Rhode Island had 16,552 active medical patient registrations through June 30 – the end of its fiscal year – although that number could be misleading.

Under its medical program, out-of-state patients could purchase marijuana with another state identification card or license.

That allowance, now prohibited under the adult-use program, likely inflated the number of actual patients who purchased cannabis regularly through compassion centers.

Meanwhile, nearby retailers in Massachusetts routinely log a few hundred daily transactions, according to Eric Robichaud, who runs an accessories business that sells smoking devices, grinders, rolling papers and other products to hundreds of stores nationwide, with a concentration in the Bay State.

He welcomes the added exposure accompanying Rhode Island’s recreational sales launch Thursday.

“We can be in all these smoke shops and do a certain level of business, but the foot traffic in dispensaries is just a whole other level,” he said.

“Going full rec is going to drive the traffic. Like an entire order of magnitude.”

Croan expects a festive atmosphere and celebrations throughout the state Thursday.

Aura is bringing in food trucks and live music to help entertain visitors on an expected busy day at the counter.

Weather should accommodate as well with temperatures expected in the low 40s.

“This has been a long time coming for Rhode Island,” Croan said.

“I hope everyone’s just as super stoked as we are.”

Source: https://mjbizdaily.com/rhode-island-set-to-launch-recreational-cannabis-market-thursday-dec-1/

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Jio’s 1,600-Satellite LEO Constellation Gets Technical Green Light

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Reliance Jio has crossed a significant milestone in its space connectivity ambitions after its proposal to deploy a Low Earth Orbit (LEO) satellite constellation of around 1,600 satellites received a positive technical assessment from the Indian National Space Promotion and Authorisation Centre (IN-SPACe).

The evaluation, conducted jointly by IN-SPACe, the Indian Space Research Organisation (ISRO), and the Wireless Planning and Coordination (WPC) wing of the Department of Telecommunications, reportedly concluded that Jio’s proposed system meets the required technical standards and is comparable to leading global satellite broadband networks.

India’s Indigenous LEO Satellite Vision

Under the proposal, Reliance Jio plans to deploy between 1,600 and 1,650 satellites in Low Earth Orbit at an altitude of around 650 kilometres.

The planned constellation is expected to provide high-speed satellite connectivity across India, with approximately 32 satellites visible from any location at a given time. The company aims to roll out the network within the next two to three years, subject to regulatory approvals.

According to industry estimates, the satellite system could deliver 4.5 to 5 terabits per second (Tbps) of total data capacity, making it one of the largest satellite broadband projects proposed in India.

The project is expected to require an investment of $10–15 billion (approximately ₹95,000 crore to ₹1.42 lakh crore), reflecting the scale of infrastructure needed for satellite manufacturing, launches, ground stations, and user terminals.

Regulatory Process Moves Forward

Following the successful technical review, the proposal is expected to move into the next phase of regulatory approvals.

The government may now assist Jio in securing orbital slots, coordinating spectrum usage, and filing applications with the International Telecommunication Union (ITU), the global body responsible for managing satellite orbit and frequency allocations.

Obtaining orbital rights remains a critical step, as Low Earth Orbit has become increasingly competitive due to the growing number of satellite broadband projects being planned worldwide.

Officials also indicated that the proposed satellite architecture has been designed to coexist with future Indian LEO constellations, allowing multiple domestic operators to share orbital resources efficiently.

Broadband, Mobile Connectivity, and Strategic Applications

Jio plans to use the satellite network to provide a range of communication services, including satellite broadband, mobile backhaul, enterprise connectivity, and direct-to-device (D2D) satellite communication, particularly in remote and underserved regions where conventional telecom infrastructure is limited.

The company also intends to establish 20 to 22 ground stations across India to support network operations.

Apart from commercial telecommunications, officials have highlighted the project’s potential strategic importance. A domestically developed satellite constellation could strengthen India’s communication infrastructure, reduce dependence on foreign satellite operators, and support national security requirements.

Reports suggest preliminary discussions are underway regarding the possibility of integrating defence-related payloads into some satellites, enabling both civilian and strategic use.

Major Step for India’s Space and Telecom Sectors

Industry analysts view the technical clearance as an important milestone in India’s expanding private space ecosystem. If Jio secures the remaining regulatory approvals and international orbital clearances, the project could become the country’s first large-scale indigenous LEO satellite broadband network.

The initiative also aligns with India’s broader efforts to expand digital connectivity while strengthening its presence in the global satellite communications market.

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Alleged Crores Pharma Scam Mastermind Arrested from Surat

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After evading law enforcement for nearly 13 years, an accused linked to a large-scale pharmaceutical fraud case has been arrested by Delhi Police from Surat, Gujarat. The suspect is alleged to have orchestrated a series of financial scams involving fake identities, forged documents, and dishonoured cheques used to procure high-value pharmaceutical raw materials.

Authorities say the accused, identified as Himmat Singh Lodha, is believed to have defrauded multiple pharmaceutical companies in Delhi of goods worth approximately ₹98 lakh before disappearing and remaining underground for years.

Fake Business Deals and Dishonoured Cheques Used in Fraud

Investigators claim the accused posed as a legitimate pharmaceutical trader and placed bulk orders for expensive drug ingredients, offering post-dated cheques as payment security.

In one documented case from 2013, he allegedly obtained around 550 kilograms of Gliclazide, a diabetes-related pharmaceutical ingredient, valued at over ₹26 lakh. When suppliers attempted to encash the cheques, they were reportedly returned with the remark “account closed.”

Following the transaction, the accused allegedly vacated his office and rented residence and disappeared without settling payments. He was later declared a proclaimed offender in 2016 after repeatedly failing to appear before court proceedings. Authorities had also issued a reward for information leading to his arrest.

Multiple Identities and Repeated Fraud Pattern

Police investigations further link the accused to another cheating case dating back to 2012, where he allegedly used a fake identity, “Kailash Jain,” to obtain a large consignment of Ambroxol HCL, a pharmaceutical compound used in cough medications. The value of that consignment was estimated at around ₹72 lakh.

Officials believe the accused followed a consistent modus operandi—posing as a credible businessman, securing high-value goods on deferred payment terms, and then disappearing after delivery while shutting down business operations.

Investigators suspect that forged business records, fake company credentials, and fabricated financial histories were used to build trust with suppliers and gain access to expensive raw materials.

Multi-State Surveillance Leads to Arrest in Surat

A special Crime Branch team tracked the accused through coordinated surveillance efforts across multiple cities, including Mumbai, Ahmedabad, and Surat. After nearly a month of technical monitoring and intelligence gathering, officials located and arrested him from a residential area in Surat.

Authorities also revealed that the accused had been involved in property-related activities while staying under the radar to avoid detection.

Growing Threat of Corporate Identity Fraud

The case highlights a rising trend of organised financial fraud targeting industries that rely heavily on trust-based transactions and deferred payments. Experts note that criminals increasingly exploit gaps in corporate verification systems by using fake GST registrations, temporary offices, and forged documentation to appear legitimate.

Cybercrime and financial fraud specialists warn that such schemes are becoming more complex with the widespread availability of digital business tools, making it easier to create convincing but fraudulent corporate identities.

Experts Urge Stronger Due Diligence in High-Value Transactions

Experts, including former IPS officer and cybercrime specialist Prof. Triveni Singh, emphasize the need for stricter verification procedures in commercial dealings. He noted that relying solely on paperwork or digital business profiles can expose companies to significant financial risk.

Authorities and industry experts recommend physical verification of business operations, bank account validation, and detailed background checks before engaging in high-value or deferred-payment transactions—particularly in sectors like pharmaceuticals, where single consignments can involve transactions worth crores.

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EU Pressure Builds on Google as Regulators Face Calls for Massive Fine Over Search Practices

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A growing coalition of European industry groups is intensifying pressure on regulators to take decisive action against Google over allegations of unfair search practices that could reshape competition rules across the region’s digital economy.

Investigation Under Digital Markets Act Gains Momentum

The case is being examined by the European Commission under the European Union’s landmark Digital Markets Act (DMA), introduced to curb the dominance of major technology platforms and ensure fair competition.

Launched in March 2024, the investigation focuses on whether Google has been prioritising its own services in search results, potentially disadvantaging rival businesses that rely on online visibility to reach customers.

Industry Groups Demand Swift Action

Several prominent European organizations have jointly urged regulators to conclude the probe without further delay. They argue that prolonged investigations allow alleged anti-competitive practices to continue, putting European companies—especially startups—at a disadvantage.

Signatories include the European Publishers Council, the European Magazine Media Association, the European Tech Alliance, and EU Travel Tech.

In a joint statement, these groups warned that delays in enforcement are affecting innovation, profitability, and growth prospects for regional businesses competing in digital markets.

Google Denies Allegations

Google has rejected claims of bias, stating that its search algorithms are designed to deliver the most relevant and useful results to users. The company has also proposed adjustments to address regulatory concerns.

However, critics argue that these changes are insufficient and fail to address the core issue of market dominance.

Potential Billion-Euro Penalties

If found in violation of the DMA, Google could face significant financial penalties. Under EU rules, fines can reach a substantial percentage of a company’s global turnover, potentially amounting to billions of euros.

Regulators may also impose corrective measures requiring changes to business practices, which could have long-term implications for how digital platforms operate in Europe.

Wider Implications for Big Tech

The case highlights ongoing tensions between European regulators and major U.S. technology firms. In recent years, the EU has taken a more aggressive stance in enforcing competition laws, aiming to create a level playing field for local businesses.

A final ruling against Google could set a major precedent, influencing future enforcement actions and shaping the regulatory landscape for global tech companies operating within Europe.

As scrutiny intensifies, the outcome of the investigation is expected to play a critical role in defining the future of digital competition across the European Union.

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