By Bart Schaneman
A California retail estate investment firm and a wealthy Florida medical marijuana advocate separately pledged Tuesday to pump $100 million each into cannabis businesses, marking a notable new chapter in the MJ industry.
The combined $200 million is among the largest amounts of planned cannabis investments disclosed in a single day.
Moreover, the investment plans were unveiled at opposite ends of the country, signaling growing investor interest in marijuana businesses from coast to coast.
In California, a new MJ subsidiary of an established Beverly Hills real estate investment firm announced plans to spend $100 million on California’s