Pao Group has announced with the acquisition of a cannabis grow and processing lab operation in Romulus, MI.
“The business that we are acquiring is a secure multi-acre multi-building facility, with ample room for expansion to scale with our capabilities,” says Pao CEO Karl Riedel. "The acquisition includes a grow operation, a cannabis extraction and distillate laboratory along with its client base of growers, dispensaries, wholesale edibles and vape producers it has developed over the last eight years."
“With the recent announcement from LARA, we can continue to operate our current grow operation under Caregiver medical marijuana licenses in Michigan while we transition through the Commercial Grower (Class C) and Processor licensing application process,” explains Riedel. According to LARA, “The Dept. of Licensing and Regulatory Affairs (LARA) will recommend at the March 21, 2019 meeting of the Medical Marihuana Licensing Board (MMLB) that the board adopt a resolution which will help maintain patient access to medical cannabis by allowing certain licensed facilities to continue to source product from caregivers.”