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High Times owner scores 13 California marijuana dispensaries - Cannabis News

The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century.

Hightimes Holding Corp. said Tuesday is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers and sellers of cannabis in the U.S.

Hightimes said the cash and stock deal valued at $80 million makes Tempe, Arizona-based Harvest a “significant” shareholder in Hightimes, which is preparing to make an initial public offering of stock.

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Alex Viega ~ Associated Press

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