Minnesota Medical Solutions (MinnMed) has closed on $16.6 million in capital as it prepares to open medical marijuana dispensaries this summer.
The Edina-based startup is one of two licensed medical marijuana growers in the state. MinnMed raised the funding from individual investors, most of whom live in Minnesota, said CEO Dr. Kyle Kingsley.
MinnMed will be producing pharmaceutical-grade medical cannabis.
Read Kathryn Grayson’s “MinnMed raises $16.6M ahead of medical marijuana dispensary openings”: http://www.bizjournals.com/twincities/news/2015/04/20/minnmed-fundraise-medical-marijuana-minnesota.html