28 Mar 2017

Nevada medical cannabis licenses fetch almost $2 million

Oregon-based cannabis oil company Golden Leaf Holdings paid $1.925 million to acquire cultivation and extraction licenses from NevWa, a Nevada company that does business as Grassroots. NevWa’s two licenses allow for distribution and sales in Nevada, including prominent tourist destinations Las Vegas and Reno, according to a news release. Golden Leaf Holdings’ move comes as Nevada is preparing to introduce recreational marijuana into a state that already has a medical cannabis market. A preliminary framework for Nevada’s adult-use market is expected in July. The state will start accepting license applications by January 2018, though existing medical marijuana ... Nevada medical cannabis licenses fetch almost $2 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


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