Trulieve Buys West Virginia Licenses Earlier than Gross sales Can Even Start

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Florida-based Trulieve Hashish Corp .  (OTCQX: TCNNF) is continuous its enlargement efforts and the newest state to plant its flag is West Virginia. Trulieve has acquired Solevo Wellness West Virginia LLC (“Solevo”) and its three West Virginia dispensary permits for $650,000. Solevo was awarded two permits in Morgantown and one in Parkersburg in January 2021 as a part of the West Virginia utility course of.

“This acquisition permits Trulieve to broaden and solidify our place within the newly created West Virginia market. Solevo was granted three dispensaries as a part of the appliance course of entered by the corporate earlier than changing into a part of the Trulieve household. Including Solevo to our manufacturing and dispensary permits, in addition to our not too long ago introduced definitive settlement to amass Mountaineer Holdings and its cultivation and dispensary permits, will create a totally vertical presence within the state with 9 dispensaries,” stated Kim Rivers, CEO of Trulieve. “We look ahead to offering the best stage of cannabis merchandise and buyer expertise via genuine and reciprocal relationships to West Virginia sufferers.”

West Virginia Has  A Lengthy Method To Go

West Virginia is at the moment a medical-only state and at the moment residents can solely register for entry to medical marijuana. The state nonetheless must companion with a testing lab earlier than any merchandise will likely be out there on the market. Sufferers should have approval from a physician and thus far, solely 30 physicians within the state are eligible to approve an individual for medical marijuana. It was 4 years in the past that medical marijuana was legalized within the state, however sufferers nonetheless can’t get it. The state has managed to problem licenses for growers, processors, and dispensaries.

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Not too long ago legislators have been unable to cross a legislation decriminalizing adult-use cannabis as fears of such a transfer meant full legalization.

Matt Simon, a senior legislative analyst for the Marijuana Coverage Challenge, instructed The Middle Sq., “Sufferers in West Virginia have been ready a very long time for protected, authorized entry to medical cannabis. It has been almost 4 years since Gov. Justice signed the medical cannabis invoice into legislation, and there’s no motive the rollout ought to have taken this lengthy. Different states have been in a position to implement comparable packages in a fraction of the time it has taken West Virginia. Nonetheless, the truth that dispensaries have lastly been licensed and sufferers are lastly in a position to register for this system is a vital step ahead. We look ahead to the day that sufferers will lastly be capable to receive medical cannabis from dispensaries in West Virginia.”


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