Friday, May 10, 2019 7:30:25 PM
https://www.metrowestdailynews.com/news/20190510/framingham-signs-deal-with-first-marijuana-shop-union-twist
Framingham signs deal with first marijuana shop, Union Twist
extracted:
Its CEO is Amy McNamee, a longtime Boston resident with a background in finance who has practiced law in Massachusetts for more than 20 years. She was previously an assistant district attorney in Suffolk County.
Union Twist’s chief operating officer is former Democratic state Rep. Marie St. Fleur, a lawyer who also served as an assistant state attorney general and staffer to former Boston Mayor Thomas Menino.
Another key player, Tahira Rehmatullah, has broad experience in the cannabis industry. Rehmatullah, who will serve as an adviser to the dispensary, earned her business degree from the Yale School of Management. She was previously named “one of the most powerful women in the cannabis business” by Fortune Magazine, according to a biography available online.
Rehmatullah is managing director of Hypur Ventures, a venture capital fund based in New York that backs cannabis industry businesses, providing investments of between $1 million and $25 million.
She is also CFO of an acquisition company that merged in October 2018 with cannabis technology maker MF Freeway after raising $57.5 million. The two will become subsidiaries of a newly-formed holding company that will trade on the Nasdaq Stock Market, according to Rehmatullah’s resume.
sidenote...In paperwork submitted to the city, Union Twist projected it will serve a little more than 267,000 customers during its first year in business, generating more than $40 million in revenue, about $1.2 million of which would be transferred to the city in the form of a 3 percent local impact fee.
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