Michigan Cannabis Company Partners with Tribe for Retail Dispensaries
Marijuana Stocks, Finance, & InvestingUncategorized July 29, 2020 MJ Shareholders
Lume Cannabis Company has been awarded an adult-use cannabis license for the tribal lands of the Sault Ste. Marie Tribe of Chippewa Indians in Chippewa County, Michigan. The deal allows Lume to open a retail dispensary this year with up to five more through 2022.
Joel Schultz, Sault Tribe economic development executive director, said the tribe is “honored” to work with Lume, which is the largest vertically-integrated cannabis company in Michigan, calling it “a big moment” for the tribe.
“The Sault Tribe is working progressively to diversify economic development to enhance revenues to expand services to Sault Tribe Members. Lume has the expertise, passion, values and philosophy that make them the ideal company to work with to bring recreational cannabis to Sault Ste. Marie.” – Schultz in a statement
Lume President and COO Doug Hellyar said the deal will take the company’s operations “to the next level.”
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