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
Tag Archives: Minnesota Medical Solutions
ST. PAUL, Minn. — Minnesota’s two licensed medical marijuana manufacturers each posted millions of dollars in losses in their first full year of operations, according to financial documents obtained by The Associated Press.
LeafLine Labs opened its second medical cannabis dispensary Monday ahead of an expected increase in demand due to a change in Minnesota law.
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.