NH SB479

Alternative treatment centers (medical cannabis dispensaries) may now operate as for-profit domestic business corporations under RSA 293-A or limited liability companies under RSA 304-C, in addition to the existing not-for-profit option under RSA 292

Existing nonprofit alternative treatment centers may convert to for-profit status through entity conversion or merger plans, requiring approval by 2/3 of the board of directors or unanimous written consent

Converted or merged entities are prohibited from selling memberships or shares to foreign corporations for a period of 3 years following conversion

Board of directors or managers must still include at least one licensed physician, advance practice registered nurse, or pharmacist, plus at least one qualifying patient, with a majority being New Hampshire residents

Estimated one-time state expenditure of $13,000 in FY 2027 for Department of State software changes, with the bill taking effect 60 days after passage