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 removes the requirement for applicants to be state residents, instead requiring proof of residency.

Additionally, the bill introduces a comprehensive list of definitions related to cannabis, including terms such as "adult use cannabis," "cannabis cultivator," and "social equity applicant," which clarify terminology used in the legislation. It also establishes regulations for cannabis testing laboratories, including their licensure and oversight, and mandates that no cannabis product can be sold without passing the required testing protocols.

The legislation emphasizes compliance with local ordinances, mandates tracking of cannabis plants in a seed-to-sale inventory system, and prohibits direct sales from cultivators or manufacturers to consumers. The act is set to take effect upon passage.