Three new companies will be entering Delaware’s medical cannabis industry as early as this year after state regulators recently issued additional licenses.
Valor Craft Cannabis Company will be based in New Castle, CannTech Research will be based in Dover and Georgetown, and EzyCure LLC will be based in Harrington. Each of the new licensees, chosen from 10 different applicants, has previous experience in the cannabis industry either in Delaware or elsewhere.
The first five years of Delaware’s medical cannabis industry has seen only three players in the market: First State Compassion, a local company with Wilmington and Lewes locations led by retired state trooper Mark Lally; Fresh Cannabis, which has a single Newark location and is operated by New Jersey-based Compassionate Care Research Institute; and the multi-state, publicly traded industry giant Columbia Care, which has locations in Wilmington, Smyrna and Rehoboth Beach.
Read more at delawarebusinesstimes.com