Colorado marijuana firm secures $10 million for massive Massachusetts facility

A Colorado-based corporation announced it has secured $10 million in equity to build a massive cannabis cultivation and processing facility in southeastern Massachusetts.

AmeriCann plans the 1 million-square-foot Massachusetts Medical Cannabis Center in Freetown, near Fall River. It could be one of the largest commercial marijuana facilities in the United States.

“AmeriCann is well-positioned to benefit from the recent implementation of the landmark adult-use cannabis program in Massachusetts,” said Mountain States Capital, the investment firm, in a press release.

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