Proper Brands just carried out the 'largest single business purchase in Missouri Cannabis' when it acquired Nirvana Investments, the parent company of N'Bliss dispensaries, 5150 N'Fusion manufacturing, and other cannabis-related businesses. The newest 2500-square-foot location is in a building formerly occupied by Bank of America at 12430 St. Charles Rock Road.
The St. Louis-based medical cannabis business is tackling several expansion moves before legal adult-use cannabis sales are expected to begin. Proper expects $5 million in sales from the new store once recreational-use sales go into effect. Voters in St. Louis County and 35 county municipalities will decide on the April 4 ballot whether to put a 3% tax on recreational marijuana.
Proper Brands has announced the acquisition of Nirvana Investments, the parent company of N'Bliss dispensaries, 5150 N'Fusion manufacturing, and other cannabis-related businesses. The company is strategically positioning itself for the upcoming changes in cannabis laws.