CannaGrowth.com | Company Seeking MMJ License Wins Over Town by Offering Equity Stake in Cultivation Site
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Company Seeking MMJ License Wins Over Town by Offering Equity Stake in Cultivation Site

18 Nov Company Seeking MMJ License Wins Over Town by Offering Equity Stake in Cultivation Site

By Omar Sacirbey

When Harvest Inc. announced that it offered the tiny town of Hancock, Maryland, a 5% stake in a cultivation facility it hopes to open there, a few eyebrows went up.

Some observers called it innovative, saying the move could serve as a blueprint for companies trying to win medical cannabis licenses. Others equated it to a bribe, saying the company is looking to gain an unfair advantage in the licensing process.

In any event, town officials accepted the deal in early October after having lawyers sign off on the legality of the offer.

As a result, Harvest – a cannabis dispensary and cultivation company based in

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Company Seeking MMJ License Wins Over Town by Offering Equity Stake in Cultivation Site is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

The post Company Seeking MMJ License Wins Over Town by Offering Equity Stake in Cultivation Site appeared first on InvestinCannabis.com.

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