LIVE NOW /
Watch KOIN 6 News streaming now

Portland cannabis company sells for $1 billion

Business
generic marijuana plant 09202018_1537485296552.jpg.jpg

PORTLAND, Ore. (KOIN) — A Portland-based cannabis company sold Wednesday for $1 billion. 

Massachusetts-based cannabis giant Curaleaf purchased the marijuana startup, Cura Cannabis, known for its cannabis oil sold through retailers under the name “Select Oils.” 

Cura Cannabis said the completion of the deal shows that marijuana companies along the East and West coasts are merging to expand their reach across the United States. 

Company leaders told KOIN 6 News Cura Cannabis will continue operating in Portland. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Top Headlines

More News

Don't Miss

More Don't Miss

Twitter News Widget