Tito Jackson imagines a Boston where locals have a neighborhood hangout, a place where — as trite as it sounds — 'everyone knows your name' like the iconic Boston-based sitcom 'Cheers.' Except the customers order cannabis products, not beers.
It can take years for applicants to get approved and open their doors, making the process cost-prohibitive for SEP and EE license holders who tend to have less funding than the predominantly wealthier, white-led cannabis companies.
In the past five years, regulators have let 22 SEP participants and 15 EE licensees open shop, just 8% of the total authorized 434 adult-use license holders, though regulators say the number is increasing.that one day his downtown lounge can pivot from alcohol to cannabis, but he said it depends on whether the profits can outweigh the costly waiting game for a license and other expenses.
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