The latest phase consolidates the hold some of America’s mightiest cannabis companies have on the state.
PharmaCann, which was recently acquired by MedMen (the so-called Tiffany’s of Cannabis) in a blockbuster $682 million deal, added two permits, bringing its total number of retail outlets in the state to nine.
Green Thumb Industries, the Chicago-based cultivator with an expanding national footprint, won four permits during this round. The mammoth chain will add 12 dispensaries to the four it already operates across the Keystone State, said Ben Kovler, GTI’s founder and CEO. The first of its Southeastern Pennsylvania shops, branded Rise Dispensaries, will open in about six months in Chadds Ford, he said.
(On Monday, GTI scored another major win in New Jersey with a permit to build a marijuana growing and dispensary operation in Paterson, Passaic County. It already operates a grow in Danville in central Pennsylvania.)
Kovler said the secret to his company’s success wasn’t a secret at all.