Minnesota MMJ Companies Lost Millions in First Year

Minnesota’s two licensed medical marijuana producers both lost millions of dollars in their first full calendar year since sales began July 1 in 2015.

That’s according to financial documents that were seen by the Associated Press, which reported the findings on Friday. Minnesota Medical Solutions lost $500,000 in 2014 and then $3 million in 2015. LeafLine Labs lost $2.2 million in 2015.

The numbers came from financial audits the AP obtained via an open records request.

Minnesota Medical Solutions CEO Kyle Kingsley told the AP he…

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