High Times is getting into the retail business

Taking its 46-year history in magazine publishing and its 32-year history of running the lauded Cannabis Cup events, High Times is getting into the retail game. The company will open two cannabis dispensaries in Las Vegas and Los Angeles.

These flagship dispensaries will carry a variety of High Times-branded merchandise alongside locally sourced cannabis products that have previously won awards at Cannabis Cup events.

“These Cannabis Cup winners are heroes,” High Times CEO Stormy Simon told IPO Edge. “We will allow them to be recognized with a dedicated space in our new stores.”

California cannabis executive Paul Henderson, who headed Grupo Flor for two years, was announced as High Times’ new president. He will be leading the foray into retail.

While the two retail license transaction partners have not yet been announced, the High Times team is acquiring its dispensary footprint with a mixture of cash and stock.

Read the full article at CannabisBusinessTimes