Medical Cannabis Program Moving Full Speed Ahead In Alabama, First Licenses Awarded
Portfolio Pulse from Jelena Martinovic
The Alabama Medical Cannabis Commission has awarded the first round of licenses for medical cannabis production, testing, transportation, and distribution. Verano Alabama, a joint venture by Verano Holdings Corp. (OTCQX:VRNOF), received an integrated facility license. The market is projected to reach sales of up to $695 million by 2028.
June 13, 2023 | 4:09 pm
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Verano Holdings Corp. (OTCQX:VRNOF) received an integrated facility license for medical cannabis production, testing, transportation, and distribution in Alabama, with the market projected to reach $695 million by 2028.
Verano Holdings Corp. (OTCQX:VRNOF) is one of the companies that obtained a highly sought-after integrated facility license in Alabama. This license allows the company to participate in the medical cannabis market, which is projected to reach sales of up to $695 million by 2028. This development is likely to have a positive impact on the company's stock price in the short term, as it represents a significant growth opportunity.
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