Pennsylvania: An Attractive Market for Public Companies
The Pennsylvania medical marijuana opportunity attracted several outside consultants to the state and we identified two publicly traded companies focused on it.
In late March, American Cannabis Company, Inc. (AMMJ) announced that five of its active clients successfully applied in Pennsylvania. Two applied for a dispensary license, one applied for a cultivation license, and the other two applied for both a cultivation and dispensary license.
Last fall, Medicine Man Technologies (MDCL) announced that it had signed 10 new clients in the month of October. Of these new clients, five were based in Pennsylvania and we will continue to monitor developments around this opportunity for the company.
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Applicant scores can be found, www.health.pa.gov
To learn about Act 16, click here
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