Crowdfunded medical cannabis dispensary in southwest Pennsylvania plans expansion – The Wellsboro Gazette

(The Center Square) – A medical cannabis dispensary crowdfunded by residents in southwestern Pennsylvania will open its third location in October.

Maitri Medicinals, the number one craft flower producer in Pennsylvania, will debut a storefront in Greensburg just three years after entering the state’s competitive dispensary market.

Applying for dispensary permit in Pennsylvania costs upward of $35,000. Establishments must also offer proof of capital worth $150,000 and compete against one another for one of just 50 permits.

But it’s a booming industry in Pennsylvania, considered one of the largest active markets with more than 633,000 registered patients and caregivers. Mergers and acquisition deals exceed $400 million this year as multistate operators buy dispensary licenses worth between $20 million and $35 million each, MJBizDaily reports.

In its two-year report published in May 2020, the Medical Marijuana Advisory Board said all 50 permits had been awarded, while a recent list of open dispensaries totals more than 120, up from 80 just a year ago. 

As companies that operate dispensaries in multiple states continue consolidating Pennsylvania’s $3.4 billion sales market, however, Maitri represents somewhat of an outlier in the industry.

“Our co-founders are really ahead of the game,” said Jimil Wilson, CEO of Maitri, during an interview with

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