Jushi Holdings Inc., the Florida-based cannabis company that bought out Beyond/Hello’s four Pennsylvania permits in July, announced today that it was acquiring the majority interest in Agape Total Health Care Inc.
Agape, of Lehigh County, won a permit from the Department of Health in December to operate three dispensaries in the Keystone State. Agape has plans to open medical marijuana outlets in Center City Philadelphia, Reading, and Pottsville. Jushi will continue with that plan.
Jushi will look to operate as many as 15 dispensaries in Pennsylvania, the maximum number allowed under state law. Founder and president Erich Mauff said Jushi will not attempt to add any additional retail outlets in Pennsylvania at this time.
“We have no desire to try to exceed the regulatory limit,” Mauff said. “We feel 15 stores is enough. That’s a lot. We should have nine of those open by the year’s end.”
Pennsylvania forbids the outright sale or transfer of a marijuana permit, but state regulators have allowed companies to instead have equity transfers and so-called management-service agreements. [Read more at The Philadelphia Inquirer]