Greenlight s Kansas City location on East Bannister Road.
Greenlight Dispensary advertises 16 medical marijuana locations across Missouri, from Cape Girardeau to Kansas City, and all points in between.
Justice Grown, a Pennsylvania-based company, has ties to 14 dispensaries in Missouri.
Yet Missouri’s constitution prohibits the state from granting more than five dispensary licenses to any single entity or individual. The goal was to avoid a medical marijuana monopoly that could drive up costs to patients.
Do the Greenlight and Justice Grown connections violate Missouri law? Is everything above board? Or did they successfully snake through legal loopholes that hinge on the definition of “ownership” and “control”?
AFC Gamma lends $22 million to Justice Cannabis for New Jersey operations mjbizdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mjbizdaily.com Daily Mail and Mail on Sunday newspapers.
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WEST PALM BEACH, Fla., May 06, 2021 (GLOBE NEWSWIRE) AFC Gamma, Inc. (NASDAQ:AFCG) ( AFC ) today announced it has provided a credit facility of $22 million to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. The credit facility is designed to provide Justice Cannabis Co. with the capital necessary to purchase and complete the build out of its 72,000 square foot cultivation and processing facility, along with the buildout of a dispensary, both in Ewing, New Jersey. We are pleased to support Justice Cannabis Co. as it continues to expand its operations in New Jersey, said Leonard M. Tannenbaum, AFC s Chief Executive Officer. With adult use marijuana recently legalized in the state, we believe New Jersey will have favorable supply and demand dynamics for years to come and we are excited to be working with Justice Cannabis Co. in order to fully capitalize on this growing market.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
AFC Gamma Provides Justice Cannabis Co. With $22 Million Senior Secured Credit Facility to Fund .
AFC Gamma, Inc.May 6, 2021 GMT
WEST PALM BEACH, Fla., May 06, 2021 (GLOBE NEWSWIRE) AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced it has provided a credit facility of $22 million to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. The credit facility is designed to provide Justice Cannabis Co. with the capital necessary to purchase and complete the build out of its 72,000 square foot cultivation and processing facility, along with the buildout of a dispensary, both in Ewing, New Jersey.
A guide to navigating the cannabis industry in New Jersey nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.