PA medical cannabis cultivation license on the market for $20M

Pennsylvania’s medical marijuana program isn’t even operational and┬ácultivation licenses already are being shopped around. The Philadelphia Inquirer obtained a confidential prospectus that includes an offer to sell 100% of Franklin Labs – one of 12 MMJ cultivation license winners – for $20 million. The newspaper confirmed with the company’s CEO that the license is for sale, but the state has explicitly said no permit may be sold or transferred without approval from the health department. To obtain its Pennsylvania cultivation license, Franklin Labs had to pay a $10,000 application fee and $200,000 for ... PA medical cannabis cultivation license on the market for $20M is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs