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Ascend Wellness Holdings: Corporate Advocacy In Cannabis Criminal Justice Reform

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AWH! ASCEND WELLNESS HOLDINGS

In recent weeks, nationwide protests against systemic racism and police brutality have drawn attention to the stark racial disparities within the cannabis industry. Advocates have rightfully pointed out the fact that Black individuals are almost four times more likely to be arrested for marijuana possession and five times more likely to go to prison compared to white individuals, even though both demographics consume the plant at roughly the same rate. It’s no secret that cannabis laws have been historically used by law enforcement to target Black and brown communities. While white entrepreneurs are currently able to legally operate cannabis cultivation and retail businesses, a disproportionate number of Black Americans are still incarcerated for selling the same plant. To make matters even worse, most of these individuals are barred from working in the legal industry even after they are released from prison because of their criminal records. 

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Ascend Wellness Holdings Receives Provisional License For Landmark Dispensary In Boston

The five-story metro-based store in the heart of downtown is positioned to become the largest dispensary on the East Coast

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Ascend Wellness
PHOTO CREDIT: ASCEND WELLNESS

January 9, 2020 – BOSTON, MA – Ascend Wellness Holdings (AWH), a multi-state, vertically-integrated cannabis operator, announced today that its subsidiary, Ascend Mass, received its provisional license from the Massachusetts Cannabis Control Commission for what will be the largest dispensary on the East Coast. 

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Ascend Wellness Holdings Secures $28 Million In New Funding In Expanding Cannabis Enterprise

Emerald Cup 2019
Emerald Cup 2019/Warren Bobrow WARREN BOBROW

December 20, 2019 – BOSTON, MA – Ascend Wellness Holdings (AWH), a multi-state, vertically integrated cannabis operator, today announced that the company raised $28.2 million in a new and distinct round of financing from anything announced previously. The investment round was led by four U.S. cannabis sector funds, a large European based investment fund, a collection of private ultra-high-net worth individuals, and other strategic investors.

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