After Setbacks, Company to Open Its 1st Medical Marijuana Dispensary

August 4th, 2011 by admin Leave a reply »

Northeast Patients Group says that a dispensary in Thomaston will be opened in two to three weeks, followed by facilities in the Portland, Augusta and Bangor areas later this year.

The Augusta-based group is facing a lawsuit from another medical cannabis provider, the loss of two board members, and skepticism from patients and lawmakers who question the opening delays. But Becky DeKeuster, the top executive at Northeast Patients Group, said the non-profit has reached a turning point.

“We couldn’t be happier with the terms of the deal and the people we’ve been working with,” DeKeuster said.

DeKeuster said former professional basketball player Cuttino Mobley and Joanna LaForce, a Los Angeles pharmacist and medical marijuana provider, are serving as financial backers and consultants to the Northeast Patients Group.

They’re leading a new company — The Wellness Pain Management Connection — which will loan $1.6 million at 8.5 percent interest, and allow Northeast Patients Group to defer interest for the first year.

DeKeuster said LaForce will be able to share her experience as clinical director of the Farmacy Collective in West Hollywood in areas such as inventory tracking and quality assurance. Mobley, she said, will also earn consulting fees.

“He’s very interested in the science behind this medicine and also related like the intersection of where medical cannabis and other healing techniques and therapies comes into play,” DeKeuster said.

DeKeuster, who said she does not have a stake in The Wellness Pain Management Connection — said that the financing deal will not force

Article source: http://www.mpbn.net/Home/tabid/36/ctl/ViewItem/mid/3478/ItemId/17500/Default.aspx

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