CANNAINVESTOR Magazine U.S. Privately Held Companies November 2017 | Page 78

The permits were issued to companies that reside in one of six regions of the state (two permits per region). This distribution method is much better than what we have seen in other states since it should make medical marijuana easily accessible for registered patients all over Pennsylvania. The permits were issued to:

*Southeast Region: Prime Wellness of Pennsylvania and Franklin Labs

*Northeast Region: Pennsylvania Medical Solutions and Standard Farms

*Southcentral Region: Ilera Healthcare and AES Compassionate Care

*Northcentral Region: Terrapin Investment Fund 1 and GTI Pennsylvania

*Southwest Region: AGRiMED Industries of PA and PurePenn

*Northeast Region: Holistic Farms and Cresco Yeltrah

A Competitive Market Opportunity

Pennsylvania is an attractive operating environment and the state received more than 450 applications.

The state’s Office of Medical Marijuana recorded almost 60% more applications for a dispensary facility than it did for a cultivation facility and Pennsylvania’s market proved to be very competitive.

John Collins, Director of the Office of Medical Marijuana said, “The next step for the permit holders will be to ramp up their operations so they can prepare to grow medical marijuana. Our teams will perform a series of site inspections before the locations can be certified as operational. Once that happens, the permittees will be able to begin growing and processing medical marijuana.”