Modernizes Massachusetts cannabis market regulations to address industry challenges and ensure market stability.

The bill proposes amendments to Massachusetts cannabis market regulations to address industry challenges, including the proliferation of unregulated hemp-derived THC products, business closures, and a receivables crisis. It introduces new definitions for terms like "artificially derived," "cannabidiol (CBD)," and "decarboxylation." The bill mandates that the Cannabis Control Commission cannot issue marijuana licenses to entities controlling more than nine retailers, three medical marijuana treatment centers, three product manufacturers, and three cultivators.

Modernizes Massachusetts cannabis market regulations to address industry challenges and ensure market stability.

The bill proposes amendments to Massachusetts cannabis market regulations to address industry challenges, including the proliferation of unregulated hemp-derived THC products, business closures, and a receivables crisis. It introduces new definitions for terms like "artificially derived," "cannabidiol (CBD)," and "decarboxylation." The bill mandates that the Cannabis Control Commission cannot issue marijuana licenses to entities controlling more than nine retailers, three medical marijuana treatment centers, three product manufacturers, and three cultivators.