It’s time for your Daily Hit of cannabis financial news for October 8th, 2020.
On the Site
KushCo Holdings Partners with Project Mission Green
The Weldon Project surrounds Weldon Angelos, a former inmate sentenced to 55 years in prison for a nonviolent cannabis offense. Project Mission Green, an initiative of The Weldon Project, has partnered with KushCo holdings to spread further awareness about prisoners who are being held for nonviolent cannabis offenses. KushCo Holdings is an ancillary cannabis business that sells packaging, containers, and other products for cannabis businesses to use. Their partnership is symbolic of the fact that the fight to reform cannabis policy is everyone’s fight, especially those brands who are operating legally. Those in the legal cannabis industry should never forget that the very thing they make a living from, sent many just like us to prison. It should be a mission in all of our minds to fight for those who are locked up for nonviolent cannabis offenses.
In Other News
Curaleaf to Acquire Alternative Therapies
The Massachusetts Cannabis Control Commission has approved Curaleaf’s previously announced acquisition of Alternative Therapies Group. In August of 2018, Curaleaf agreed to acquire a 53,600 sq. ft cultivation and processing facility in Amesbury, Massachusetts. “As we look ahead, the integration of ATG’s cultivation and processing facility will expand our cannabis grow capacity in Massachusetts by 60%, allowing us to better address the rising demand we continue to see among medical and adult-use customers as well as expand Curaleaf’s wholesale market presence. Overall, these enhanced production capabilities will provide a powerful growth engine for our business in 2021 and beyond as new harvests come online,” said Curaleaf’s CEO, Joseph Lusardi.