Las Vegas-based Essence marijuana operation selling for $290 million

Owners of Las Vegas’ largest marijuana dispensary and cultivation operation announced today they are selling the business for $290 million.

Armen Yemenidjian, co-owner of Integral Associates, which owns and operates three Essence Cannabis Dispensary locations and the Desert Grown Farms and Cannabiotix Nevada cultivation and processing facilities, announced the sale to Chicago-based Green Thumb Industries.

Green Thumb, publicly listed on the Canadian Securities Exchange, employs 450 people across eight U.S. states in which pot is legal.

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