Actions

$130M drug deal impacts Richmond-area marijuana dispensaries

Green-Leaf-scaled.jpeg
Posted

RICHMOND, Va. -- An out-of-town hedge fund is the new owner of the Richmond area’s medical marijuana dispensaries.

An entity tied to Boston-based Millstreet Capital Management has purchased for $130 million the Virginia-based assets of marijuana company Cannabist, which had operated the Richmond-area dispensaries and cultivation facility as the region’s sole state-sanctioned medical pot provider. Click here to continue reading on Richmond BizSense.

CBS6-News-at-4pm-and-Jennifer-Hudson-480x360.jpg

Entertainment

Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.