Las Vegas Marijuana Grower to Pay $28 Million for Local Store

Las Vegas Marijuana Grower to Pay $28 Million for Local Store

GB Sciences wants to buy NevadaPure, which does business as Shango, near Boulder Station in east Las Vegas.

Subscribe
April 16, 2018
Las Vegas Review-Journal
State by State: Nevada

A Las Vegas grower intends to pay $28 million in cash for a local marijuana store.

GB Sciences wants to buy NevadaPure, which does business as Shango, near Boulder Station in east Las Vegas.

The deal includes the cash and assumption of $5 million in liabilities. GB Sciences will conduct due diligence for about a month to make sure the purchase follows regulations.

The purchase would give GB new licenses for growing and selling marijuana, according to a March 28 statement.

NevadaPure produces 350 pounds of dried cannabis a month from a 72,000-square-foot-building.

Read more

Top Image: © f11photo | Adobe Stock

Dispensary Nevada