Ann Arbor, Michigan-based cannabis producer C3 Industries said Tuesday it officially entered the Michigan cannabis market with the opening of its first dispensary in the state.
What Happened
C3 Industries' "High Profile" dispensary is based in Detroit. The store provides a selection of products, such as flower, edibles, vaporizers, concentrates, topicals and tinctures.
The store include products from other brands on the market, but will also feature C3's own full line of products once its cultivation and manufacturing facility is completed.
Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 — click here to learn more!
What's Next
C3 Industries plans to invest more than $15 million in the Michigan cannabis industry for its headquarters, cultivation and manufacturing facility in Webberville and a retail network of "High Profile" dispensaries.
The recently-opened dispensary is the first of 15 to 20 stores C3 industries plans to open across the state over the next 24 months. The next two locations in Ann Arbor and Grant are scheduled for opening this fall.
C3 Industries' cultivation and manufacturing facility is also expected to open later this year.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.