Canada Wants a Piece of Nevada's Cannabis Market — Starting With State's Oldest Dispensary

Canada Wants a Piece of Nevada's Cannabis Market — Starting With State's Oldest Dispensary

C21 Investments will soon own Silver State Relief.

Subscribe

A Canadian firm announced this week that it is purchasing Nevada's oldest marijuana dispensary business, Silver State Relief based in Sparks. 

Silver State Relief, the state's first medical marijuana dispensary to open in 2014, soon will be 100 percent owned by C21 Investments, a Canadian cannabis company based in Vancouver, British Columbia. 

The Canadian company is looking to become the largest publicly traded cannabis company in the world, purchasing dispensaries all across the U.S., said Silver State General Manager Aron Swan. For a local business like Silver State, it's a chance for the operation to grow faster within Nevada, and be part of something much bigger.

"This is a tough business. Investment capital allows us to expand a little more quickly, rather than organically," Swan said.

Read more

Top photo courtesy of Adobe Stock