Worcester pot shop receives license for medical marijuana
Photo | Michael Grattaroti
Peter DeCaro, center with scissors, at Resinate's ribbon cutting in Worcester.
Worcester pot shop receives final approval for medical marijuana
In about a month, Resinate will open on Millbury Street as Worcester's fourth marijuana dispensary, after it received final approval to sell medical cannabis.
On Thursday, the Massachusetts Cannabis Control Commission, approved the shop’s final license to sell medical marijuana. The last step before it can open is a final inspection by the CCC when the 6,500-square-foot dispensary is stocked.
The grand opening could be within 30 days, said CEO Peter DeCaro.
“It’s been a long journey,” DeCaro said. “I submitted my application in 2015. For me, I’ve experienced almost everything this industry has to offer since.”
Embarking on a new industry, he said, his team expected there would be dewlays and regulatory hurdles.
“We always believe if you do things the right way, operate like this is your backyard, and treat people with transparency, good things will happen,” DeCaro said.
The competition is getting fierce since the city has a limit of 15 retail marijuana stores. So far other shops include Good Chemistry near Kelley Square, Mission Dispensary on Lincoln Street which exclusively sells medical pot, and the Botanist on Pullman Street. Good Chemistry is the only dispensary licensed to sell recreational and medical marijuana, while the other three can only sell to customers with medical marijuana cards.
Resinate Inc. is in the process of approval to open cultivation and manufacturing facilities in Douglas, and retail stores in Grafton and Northampton.
DeCaro, the 45-year-old Worcester native, said the city was his first choice to open a shop.
“I attended high school in Worcester, graduated from Clark University. This is my backyard,” he said. “We are truly a locally owned and operated business.”
DeCaro said he expected to have first year revenues in the $8-million to $10-million range. Under the terms of an agreement with the city, Worcester would get 3%, or from $240,000 to $300,000.
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