skip to Main Content
Pennsylvania’s new medical marijuana player aims to ramp up production and drive down prices

Jushi Inc. will become one of the dominant players in the Keystone State’s medical marijuana market with its $37 million acquisition of Scranton-based Pennsylvania Medical Solutions from Vireo Health International.

The aggressively expanding Jushi, based in Boca Raton, Fla., already holds permits to operate 15 cannabis dispensaries in Pennsylvania under its retail brand Beyond/Hello. Seven of its retail shops operate around Philadelphia and Pittsburgh. There are 81 dispensaries operating in the state.

Jushi’s focus following the acquisition of its first Pennsylvania grower is to improve the quality and quantity of pharmaceutical-grade marijuana produced at the 90,000-square-foot facility, said Jushi founder and president Erich Mauff, a former vice chairman of corporate finance at Deutsche Bank.

“We’re bringing in the A-team of cultivation experts from Colorado and Canada,” Mauff said. “We will operate for a period of time under the Vireo brand. But as soon as we have the operational excellence to produce flower and concentrates, we will roll out the family of Beyond/Hello and Jushi Brands.”

Mauff will more than double the amount of cannabis grown at the facility within the next month. “Currently we only have 21,000 square feet of canopy,” he said. “We’re adding an additional 24,000 square feet. We will also have a new extraction facility.” [Read more at The Philadelphia Inquirer]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Marijuana gifting parties are now illegal in Connecticut

Cannabis gifting parties are no longer allowed in Connecticut. Gov. Ned Lamont this week signed legislation that seeks to crack down on the unregulated cannabis bazaars that cropped up across Connecticut after the drug became fully legal here. At the events, attended by several thousand who usually paid a fee to get in, people would exchange items…

Anatomy of Curaleaf’s marijuana production blunder that sickened more than a dozen in Oregon: Here’s how it happened

A calamitous mix-up at a Portland marijuana bottling plant apparently originated with a single employee who confused two similar buckets with nearly identical identification numbers, according to a state investigative report. The report does not specify, though, whether manufacturer Curaleaf had any quality control measures in place to catch such mistakes, and state investigators withheld…

What you need to know about cannabis legalization in Rhode Island

PROVIDENCE — With a stroke of a pen, Rhode Island on Wednesday joined its two neighboring states and 16 others in legalizing the recreational use of marijuana. Less than 24 hours after lawmakers overwhelmingly passed the bill, Gov. Dan McKee signed the measure, which promises automatic expungement of past marijuana possession convictions and reserves a quarter of new…

Companies blanket Pa. with ads about how to get a medical marijuana card, but doctors are silenced

When Pennsylvania lawmakers legalized medical cannabis in 2016, they struck an unusual deal: Physicians can approve patients for the program but they are banned from advertising that power. Lawmakers feared advertising would encourage thousands of patients to flood the same doctor’s office solely seeking a medical marijuana card, or motivate physicians to excessively approve patients…

More Categories

Back To Top
×Close search