Newly licensed R.I. cannabis dispensary secures $5M loan from Colorado lender

A MASSACHUSETTS-BASED marijuana retailer with plans to open a dispensary in Rhode Island recently secured a $5 million loan to support its expansion. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – A Massachusetts-based marijuana retailer with plans to open a dispensary in Rhode Island recently secured a $5 million loan to support its expansion, according to a news release. The senior secured loan from Colorado-based financial services provider Safe Harbor Financial will help Solar Cannabis Co. “accelerate its growth,” the release stated, although exactly…

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