Boston-based marijuana firm Ascend Wellness closes $40 million funding round

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.


Boston-based cannabis company Ascend Wellness has closed a $40 million funding round – capital the firm plans to use to build out its multistate footprint.

Poseidon Asset Management, Salveo Capital, JM10 Partners and Shire Capital Advisors led the funding round.

Ascend has licenses in three states: Illinois, Massachusetts and Michigan.

More details on the funding round can be found here.