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Recreational cannabis store licenses remain in limbo while court fights continue

Recreational cannabis store licenses remain in limbo while court fights continue
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

Natick Select Board approves first recreational pot shop s opening

Natick Select Board approves first recreational pot shop s opening
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Secrecy Around Ownership Records Raises Questions About Missouri Marijuana Networks

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 Provides Justice Cannabis Co With $22 Million Senior Secured Credit Facility to Fund its New Jersey Expansion

Share: 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.

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