(The Center Square) – A medical cannabis dispensary crowdfunded by residents in southwestern Pennsylvania will open its third location in October.

Maitri Medicinals, the number one craft flower producer in Pennsylvania, will debut a storefront in Greensburg just three years after entering the state’s competitive dispensary market.

Applying for dispensary permit in Pennsylvania costs upward of $35,000. Establishments must also offer proof of capital worth $150,000 and compete against one another for one of just 50 permits.

But it’s a booming industry in Pennsylvania, considered one of the largest active markets with more than 633,000 registered patients and caregivers. Mergers and acquisition deals exceed $400 million this year as multistate operators buy dispensary licenses worth between $20 million and $35 million each, MJBizDaily reports.

In its two-year report published in May 2020, the Medical Marijuana Advisory Board said all 50 permits had been awarded, while a recent list of open dispensaries totals more than 120, up from 80 just a year ago. 

As companies that operate dispensaries in multiple states continue consolidating Pennsylvania’s $3.4 billion sales market, however, Maitri represents somewhat of an outlier in the industry.

“Our co-founders are really ahead of the game,” said Jimil Wilson, CEO of Maitri, during an interview with

Read More Here…

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Bud Digest