By 420 Intel on Friday, 22 October 2021
Category: Business News - 420 Intel

Medical marijuana firm spends $170M to expand into Lancaster, Mount Joy, elsewhere

A Chicago-based medical marijuana company is spending $170 million to expand in Pennsylvania through a pair of acquisitions which include a Lancaster dispensary and a Mount Joy growing-and-processing operation.

Cresco Labs recently agreed to buy three Cure Penn dispensaries, including one here on Fruitville Pike in the former Kmart Plaza, plus dispensaries in Philadelphia and Phoenixville (near King of Prussia) for $90 million.

The Fruitville Pike store is the county’s oldest dispensary, opening in March 2018 and operating seven days a week. It has nearly 20 employees.

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