William Wrigley jnr II, the heir to the Wrigley chewing gum fortune, is jumping into the marijuana business.

Wrigley led a $65 million equity financing into Surterra Wellness, a Florida-based medical marijuana company, through his personal investment firm.

Wrigley will also become the chair of Surterra's board. The company plans to use the funds to expand into new state markets — and make a push into the competitive recreational market.

Known as Beau, Wrigley left the eponymous chewing gum company after orchestrating the company's sale to Mars Inc.

Click here to read the complete article

Jeremy Berke ~ Business Insider ~

Recent News Articles

Monday June 24

Could CBD Fight Superbugs? Marijuana Compound Shows Promise As an Antibiotic - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

The quest for new antibiotics has led researchers to a surprising candidate: the marijuana compound…

266 hits

Monday June 24

Cannabis Brands Need to Establish a Purpose That Doesn’t Rely on Marijuana Puns - Cannabis…

in Finance

by Bruce Kennedy - Editor in Chief

Most have no brand relevancy or purpose and are woefully inept at creating brand experience.

288 hits

Monday June 24

Japanese students more open to use of marijuana, survey suggests - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

Japanese junior high school students have become more open to the use of marijuana, in…

270 hits

Monday June 24

South Carolina hemp farming could top 3,000 acres as states scramble for a piece of…

in Cannabis News

by Bruce Kennedy - Editor in Chief

In just its second year growing hemp, South Carolina is projecting a 1,200% increase in…

696 hits

Tuesday June 25

Illinois becomes 11th state to allow recreational marijuana - Cannabis News

in Top Stories

by Bruce Kennedy - Editor in Chief

Illinois’ new governor delivered on a top campaign promise Tuesday by signing legislation legalizing small…

572 hits