EagleTribune.com, North Andover, MA


June 28, 2013

Newbury complex eyed for medical marijuana business

Company also looking at Georgetown, Newburyport


The two business partners acknowledged this is “new and sensitive” territory for the community. While they are not legally required to do so, Holland and Terricone repeatedly stressed that they want to address any concerns head on and would ideally like approval from town leaders for the site they have chosen.

“In order to make it work properly for everyone, we want to communicate with our community … The stakes are too high for both the patients in need and for our nonprofit business to get off the ground,” Terricone said.

The licensing process is heavily regulated and expensive — it will cost Medicinal Evolution $30,000 to apply for a license and another $50,000 annually to maintain it.

“Like most things, we know there will always be some opposition, but we believe that most people’s fears will be subdued after they have a realistic understanding of what our business will actually be like. After all, 69 percent of Newbury supported the law and we want people to know we will be doing this right,” said Terricone.

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