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“The Cat” ventures into Maine UPDATED

July 20, 2011

Remember Cuttino “the Cat” Mobley, the financier behind Summit Medical Compassion Centerone of the medical marijuana dispensaries selected by the RI Department of Health?

The former NBA and University of Rhode Island basketball player is now expanding his medical marijuana empire. According to the Bangor Daily News, Mobley has agreed to finance four medical marijuana dispensaries in Maine.

The agreement, as outlined in a letter of intent dated Feb. 23, indicates that former National Basketball Association player Cuttino Mobley will pledge at least $2 million to get Northeast Patients Group’s dispensaries up and running. The group holds state licenses for clinics in the Bangor area, Thomaston, Kennebec County and in the Portland market.

The Northeast Patients Group received the go ahead to open half of the eight marijuana retail stores in Maine, but since then the organization has struggled to make much progress.

Mobley’s involvement with the medical marijuana group has already triggered a lawsuit. A Berkeley, CA organization with ties to the Northeast Patients Group alleges that the former head of NE Patients used insider information to work out a deal with Mobley.

Interested in digging into Mobley’s letter of intent and the Berkeley lawsuit? Both links courtesy of the Kennebec Journal.

Meanwhile, the Summit Medical Center in Rhode Island can’t open until/unless Governor Lincoln Chafee lifts his hold on the state’s compassion centers.  I’ve left a message for the spokesman for Summit for a comment on Mobley’s latest venture but haven’t heard back from him. I’ll post a response if I get one.

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