A cannabis entrepreneur who holds a Rhode Island marijuana license has landed a $5 million loan to expand his existing operation in nearby Southeastern Massachusetts.
Edward Dow III is CEO of Solar Cannabis Co., a vertically integrated outfit with a 70,000-square-foot cultivation facility and retail store in Somerset, and a second retail outlet on Rt. 6 in Seekonk.
The money to expand Dow’s Massachusetts enterprise came from Safe Harbor Financial LLC. The Colorado-based group provides compliant banking and financial services to the cannabis industry in states where the plant is legal.
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