ByBy Jim Saunders / News Service of Florida•Oct 2, 2018
The Florida Department of Health is asking an appeals court to block a lower-court judge from moving forward with a lawsuit in which a Martin County nursery argues it should receive a potentially lucrative medical-marijuana license.
The Wrigley fortune was built on its domination of the chewing gum market, but an heir to the confectionery dynasty is investing millions in an industry that not so long ago had a far less wholesome reputation.
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn't have was access to enough capital to make it all happen.
A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide.