Jacksonville Business Journal
DFMMJ plans to invest $20 million over the next year on “medical cannabis infrastructure,” according to Tallahassee lawyer John Lockwood, who represents Chestnut Hill as well as the newly formed management company. The money will be spent on dispensaries throughout the state, he said.
A Canadian-backed firm will take over management of Chestnut Hill Tree Farm, one of Florida’s seven medical marijuana operators, the companies announced Wednesday. The deal involving Aphria Inc., a marijuana grower and processor based in Ontario, and Chestnut Hill comes on the verge of a massive expansion of Florida’s medical-marijuana market, sparked by a November constitutional amendment that broadly legalized medical pot.