Concord Dispensary Hopefuls Withdraw Medical Marijuana Application

Jan 26, 2015

Three parole officers who planned to seek a license to run one of four medical marijuana dispensaries in the state have pulled out of the application process.

Rex Bunnell and his partners had hoped to run what New Hampshire’s medical marijuana law calls an ‘Alternative Treatment Center’ in Concord. But a financial backer decided not to invest $1.7 million into the venture.

“So they pulled their money out and when they did that, that only gave us a little less than a week to try to come up with a substantial amount of money.”

He says the investor cited strict regulation in the not-for-profit dispensaries as a reason for pulling out.

The deadline to apply for a dispensary license is Wednesday.