Harvest Health and Recreation Inc (HARV)

[JohnCM]

Two Iowa medical cannabis dispensaries close

Published 18 hours ago

(This story has been updated to note Harvest Health & Recreation’s purchase of Have a Heart.)

Two medical marijuana dispensaries in Iowa permanently closed their doors.

The dispensaries, in Council Bluffs and Davenport, were operated by Have A Heart Compassion Care, a multistate medical and recreational marijuana operator based in Washington state.

Earlier this month, Harvest Health & Recreation, an Arizona-based multistate cannabis operator, confirmed its $85.8 million plans to acquire Interurban Capital Group, the owner of Have a Heart.
It’s unclear whether the Iowa closures are tied to that purchase. Have A Heart did not immediately respond to Marijuana Business Daily‘s request for comment.

Iowa now has only three licensed dispensaries, operated by Iowa Cannabis Company and MedPharm Iowa.

Iowa health officials said the department “will work to license two new dispensaries as soon as possible,” Des Moines TV station KCCI reported.

The state’s MMJ law allows for the licensing of five dispensaries and two manufacturers.