A VERTICALLY INTEGRATED MULTI- STATE CANNABIS ...

Medical Dispensaries / Recreational Stores 3,400 –4,700 Infused Product Manufacturers 900 –1,300 Wholesale Cultivators 2,500–4,500 Testing Labs 90–120 Ancillary Services, Technology & Products Companies 14,000 –22,000 1Marijuana Business Daily; 2016 Large number of fast growing but undercapitalized operations ................
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