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Chelsea Licensing Commission approves RISE Holdings name change, adds medical marijuana to license
Summary
The Chelsea Licensing Commission on May 8 approved a corporate name change to RISE Holdings Inc. for the business operating as RISE at 200 Beecham Street and amended the establishment's application to add medical marijuana, following testimony that the change aligns the store with state vertical-integration rules.
The Chelsea Licensing Commission on May 8 voted to approve a corporate name change to RISE Holdings Incorporated and to amend the business's cannabis license to include medical marijuana for RISE, operating at 200 Beecham Street in Chelsea.
The change was presented to the commission by attorney Walt Silverman, who said the amendment is intended to align the store with state rules that require vertically integrated operations for medical cannabis: "We're changing the name to RISE Holdings, Inc, and we're asking for medical, and that will be compliant with the state's regulations as well," Silverman said.
The commission's chair, Marty McAlpine, called for questions; Chelsea Police Department representative Sergeant Chung reported no police concerns related to the application, noting "there are none. There's literally 0 cause. There's 1 call in the area. It's not even by the establishment." No members of the public spoke against the application.
After a motion and second, commissioners voted unanimously to approve both the corporate name change and the addition of medical marijuana to the license.
Why this matters: adding medical marijuana expands the types of cannabis sales the business can lawfully make and requires compliance with state cannabis regulations that can include requirements for cultivation or manufacturing relationships. The commission recorded the approval and will rely on state oversight and local licensing rules for continued compliance.
Next steps: the licensee will proceed under the RISE Holdings name and must remain compliant with state cannabis regulations and any follow-up requirements from the city's licensing office.
