
Columbia Care in Portsmouth and GLeaf in Richmond (owned by Columbia Care) announced their merger today with Cresco Labs for $2Billion.
The merger results in a Cresco Labs ownership stake of 50% in the Virginia Board of Pharmacy cannabis program.
The sad news is that our Virginia lawmakers do not realize the impact that this bill will have on the small businesses and the repercussions of allowing these national cannabis conglomerates to dominate the farming of a plant and the free market of its sale in the Commonwealth.
Have y'all seen GLeaf's menu recently? https://gleaf.com/richmond-virginia/
They are ready to take control and with a lot of money.
Let's discuss Consumer Safety, Hydrochloric Acid produced products, and the relationship between the Monopoly, Lobbyists, Cannabis Control, and Enactment dates on the next update.