Marijuana MSO Jushi cancels California acquisition, moves forward in Illinois

  • Marijuana MSO Jushi cancels California acquisition, moves forward in Illinois
  • According to a news release, Jushi entered into an agreement last fall to purchase an unidentified marijuana retailer in San Diego for $12 million, but the deal failed to close and Jushi terminated the acquisition Sunday.
  • Jushi expects to close on its definitive agreement in Santa Barbara for one of the three dispensary licenses in that city during the third quarter of 2020, and a Jushi subsidiary received approval for a retail and delivery permit in Culver City, California, last year, Cacioppo said in a release.
  • In another move, Jushi expanded its Illinois footprint on Monday by beginning recreational marijuana sales at the company’s second shop in the state.

Read full article: mjbizdaily.com