The bill amends the Rhode Island Cannabis Act to modify residency requirements for applicants seeking licenses or certificates to operate cannabis establishments. Key changes include the broadening of the definition of "applicant" to encompass any person or business entity, thereby expanding eligibility for cannabis business licenses beyond just Rhode Island residents. The bill specifies that applicants must provide proof of residency rather than being required to be Rhode Island residents.

Additionally, the bill includes provisions for licensed cannabis cultivators, manufacturers, wholesalers, and retailers, all of which require applicants to be at least twenty-one (21) years of age and provide proof of residency. The bill also introduces a new section regarding cannabis testing laboratories, which mandates adherence to standards set by the United States Pharmacopeial Convention and requires that no cannabis product can be sold without passing established testing protocols.

Overall, the amendments aim to enhance the regulatory framework surrounding cannabis cultivation, manufacturing, and retail sales in Rhode Island. The act will take effect upon passage.