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Panel hears bill to let New Hampshire therapeutic dispensaries convert from nonprofit to for-profit entities
Summary
House Bill 54 would allow alternative treatment centers (ATCs) to convert from nonprofit structures into for-profit corporations or LLCs. Proponents say conversion would ease access to capital and lower prices; opponents warned it could open the door to profit-driven expansion and urged preserving nonprofit safeguards.
CONCORD — House Bill 54 would allow New Hampshire’s alternative treatment centers to convert from their current nonprofit organizational form to a for-profit corporation or limited liability company. The House Committee on Health, Human Services and Elderly Affairs heard public testimony for and against the change.
Sponsor Representative Wendy Thomas (Merrimack) said converting to a for-profit structure would give ATCs broader financing options and allow businesses to access capital markets or private investment; supporters argue that lower capital costs would translate into lower patient prices. Thomas noted…
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