Etain’s NY Medical Marijuana Processing Facility On Hold; State Financing Issue Cited

Etain is delaying by a year its plan to build a medical marijuana processing plant in upstate New York after being rejected for state-backed financing due to its connection with the cannabis industry, The Post-Star in Glen Falls reported.

The female-owned company, one of the state’s 10 MMJ operators, instead is turning to private bank financing and its own equity, a company official told the newspaper.

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Original Article Source: https://mjbizdaily.com/etains-ny-medical-cannabis-processing-facility-state-financing/

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