Minnesota’s two licensed medical marijuana manufacturers have lost a combined $11 million in just two years of sales, according to financial documents obtained by the Associated Press
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On Jan. 20, 2016, Vireo Health, a medical marijuana holding company, filed Form D with the Securities and Exchange Commission, notifying the SEC of its exempt offering and sale of securities valued at $31.5 million under Rule 506(c).
When medical marijuana becomes available in Minnesota on July 1, two state-approved companies will begin selling cannabis in pill and oil form to patients who suffer from cancer, HIV, AIDS, ALS and other conditions.
In the land of the Twin Cities, Minnesota has designated two companies to grow and sell the entire supply of medical cannabis for the state.