State OKs new financing for pot nonprofit

August 27th, 2011 by admin Leave a reply »

Posted: 12:00 AM

State OKs new financing for pot nonprofit

The move should enable Northeast Patients Group to open four dispensaries.

By MICHAEL SHEPHERD Kennebec Journal

AUGUSTA – Maine’s Department of Health and Human Services has approved new financing arrangements for the state’s largest medical marijuana nonprofit group, paving the way for the opening of four dispensaries for which Northeast Patients Group holds exclusive state licenses.

“I have had the opportunity to compare the changes that have occurred in financing and consulting services, and have decided that these changes do not diminish or otherwise alter the original plans for Maine’s operations,” Catherine Cobb, the director of DHHS’ Division of Licensing and Regulatory Services, wrote in a letter dated Wednesday.

The letter, addressed to Northeast’s Executive Director Becky DeKeuster, was provided to the Kennebec Journal by Stephen Langsdorf, an Augusta attorney representing Northeast in a lawsuit against its former financial backer.

“DHHS, and particularly Cathy Cobb, have been clear and consistent in conveying their expectations of us and the importance of adhering to the policies in the Maine law,” DeKeuster said in a news release Friday. “As stated before, we look forward to this project adding meaningful jobs to the local economy.”

The Wellness and Pain Management Connection LLC —

Article source: http://www.pressherald.com/news/state-oks-new-financing-for-pot-nonprofit_2011-08-27.html

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