fbpx
QQQ
+ 0.39
303.07
+ 0.13%
DIA
+ 0.76
297.64
+ 0.25%
SPY
+ 0.98
364.86
+ 0.27%
TLT
-1.25
158.75
-0.79%
GLD
+ 1.34
168.85
+ 0.79%

Cannapreneur Teams Up With 2 Veteran-Owned Dispensaries In Massachusetts

November 19, 2020 11:03 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Cannabis investment firm Cannapreneur Partners is teaming up with two Massachusetts dispensaries.

The Westborough-headquartered company confirmed Thursday it's forming a joint venture with veteran-owned stores, JWTC Wick and Noble Manna LLC.

Cannapreneur also noted it invested in both businesses, which recently inked Community Agreements in Rowley and Mendon, respectively.

The agreements allow both entities to launch adult-use dispensaries once they obtain the Commonwealth of Massachusetts' approval.

According to a press release, the newly formed entity would back up the veterans' community by supplementing the costs of cannabis products at both stores upon opening, donating 10% of net dispensary profits to expand access to cannabis for veterans, and also introducing a mentorship program for them.

"Our investments in JWTC Wick and Noble Mana LLC represent important progress in forming a more representative industry," Cannapreneur co-CEO Michael Scott told Benzinga. "We want to empower veterans and their families by opening up more job and executive mentorship opportunities, while also giving back a portion of dispensary profits because we believe veterans should be a vital part of the cannabis landscape."

Bruce Spinney, Marine Sgt. and Noble Manna LLC founder, says the "goal is to bring more residents of Massachusetts convenient access to cannabis while creating beneficial programs and policies that empower veterans and their families."

In June, Cannapreneur welcomed "Shark Tank" star Kevin Harrington to its team. He joined the company to serve as its strategic advisor and brand ambassador.

Courtesy image


Related Articles

This Week On Benzinga Cannabis Hour: Entourage Effect's Matt Hawkins, Cannaphyll CEO Jude Bond, Leah Thomas of The Greens Girl

Entourage Effect Capital managing director Matt Hawkins, Cannaphyll CEO Jude Bond and Leah Thomas from The Greens Girl Co. are this week's guests on the Benzinga Cannabis Hour. read more

Pura Expands Co-Packing Deal With Alkame, Pursues $2T 'Combined Horizontal Market Opportunity'

Puration Inc. (PINK: PURA), a manufacturer of CBD infused sports drinks, is poised to expand its co-packing partnership with health and wellness company Alkame Holdings Inc. (PINK: ALKM). read more

Verano Debuts In Pennsylvania, Launches Zen Leaf Harrisburg

Cannabis company Verano Holdings is cutting the ribbon on its first retail location in Pennsylvania. The new store — located 137 S. 17th Street in Harrisburg — is the first of three dispensaries the Chicago-based company intends to launch in the Keystone State. The opening of Zen Leaf Harrisburg is scheduled for Wednesday, Dec 2. read more

United Nations Commission Reschedules Cannabis In Historic Vote Following WHO Suggestion

The United Nations Commission on Narcotic Drugs has made a final decision to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs. Cannabis advocates have waited almost two years for the vote. read more

Why A Biden-Appointed, Pro-Cannabis Attorney General Is Important For Weed Reform

As President-Elect Joe Biden fills out his cabinet and other administration roles, potential candidates for Attorney General have been mentioned. read more