Tempe-Based Cannabis Company Part Of $2.1B Merger : vimarsan

Tempe-Based Cannabis Company Part Of $2.1B Merger


A locally headquartered cannabis company and major funder of the ballot initiative that legalized recreational marijuana in Arizona is cashing in on a multibillion-dollar deal.
Harvest Health and Recreation is set to be absorbed by Florida’s largest medical marijuana company.
Ballotpedia says Harvest gave roughly $1.8 million to the campaign to legalize recreational marijuana.
Proposition 207 got more votes than any other 2020 candidate, judge or initiative.
The return on investment for Harvest was the number of Arizonans who can buy its products grew dramatically.
“Strategically, why not double your consumer base before you go to sell your stores,” said Demitri Downing, founder of the Marijuana Industry Trade Association and a lobbyist for the cannabis industry.

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