Jushi Inc. will change into one of many dominant gamers within the Keystone State’s medical marijuana market with its $37 million acquisition of Scranton-based Pennsylvania Medical Solutions from Vireo Health International.

The aggressively increasing Jushi, primarily based in Boca Raton, Fla., already holds permits to function 15 hashish dispensaries in Pennsylvania underneath its retail model Beyond/Hello. Seven of its retail retailers function round Philadelphia and Pittsburgh. There are 81 dispensaries working within the state.

Jushi’s focus following the acquisition of its first Pennsylvania grower is to enhance the standard and amount of pharmaceutical-grade marijuana produced on the 90,000-square-foot facility, stated Jushi founder and president Erich Mauff, a former vice chairman of company finance at Deutsche Bank.

“We’re bringing in the A-team of cultivation experts from Colorado and Canada,” Mauff stated. “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 greater than double the quantity of hashish grown on the facility inside the subsequent month. “Currently we only have 21,000 square feet of canopy,” he stated. “We’re adding an additional 24,000 square feet. We will also have a new extraction facility.” [Read more at The Philadelphia Inquirer]



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