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Senate hearing spotlights financing squeeze behind bid to let New Hampshire medical cannabis centers convert to for‑profit
Summary
Supporters of SB 4 79 told a Senate committee that the state’s requirement that alternative treatment centers operate as nonprofits prevents them from accessing lower‑cost capital, raising operating costs that are passed to patients; opponents urged financial audits and warned about federal scheduling uncertainty.
Senator Dan Innes introduced SB 4 79, saying the bill would let New Hampshire’s licensed alternative treatment centers (ATCs) convert from nonprofit to for‑profit corporate structures to access lower‑cost capital and reduce patient prices. “The nonprofit structure really has limited ATC’s ability to operate optimally,” Innes told the Judiciary Committee.
Keenan Blum, president and CEO of Grama Relief Cannabis (formerly Prime ATC / Granite Leaf Cannabis), testified the nonprofit requirement prevents ATCs from using common financing tools. “We have never been able to…
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