California marijuana supplier Indus Holding Co. has closed a $46 million funding round – capital that will be used to bolster the firm’s cultivation and distribution operations.
Proceeds from the Series B funding round will be used to finance continued expansion of the firm’s cultivation, extraction, manufacturing and distribution operations.
The vertically integrated firm recently expanded its cultivation operations into a 225,000-square-foot facility and a new 15,000-square-foot distribution center near its Salinas headquarters.
Launched in 2014, Indus supplies cannabis to licensed retailers across California.
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What happened to the: No commercial licenses till 2023. The BCC has violated the spirit as well as the statutory requirements of prop 64. Not only have they catered to the big moneyed predators that will displace the industries vendors with investors willing to lose money until all the small vendor who fought and gave so much for legalization are gone. They have also assaulted the industry by allowing the black market to swell to new levels completely stagnating any hopes of surviving in this so called regulated scheme.
Can we please fire the BCC board and replace them with people that at least know the difference between a pot plant and a tomato plant.