Boston marijuana dispensary raises $55M as it awaits final approval


The parent company for one of the first cannabis dispensaries likely to open in Boston has announced a $55 million investment to help it build out its flagship Boston store and expand into Ohio.

The dispensary, which is building a recreational cannabis dispensary near TD Garden, said in a statement that it raised $37 million from existing investors, led by New York-based multi-strategy fund Shire Capital, Boston hedge fund Three Bays Capital, and cannabis-focused private growth equity fund JM10…

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