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Adult Use craft cannabis company awarded provisional license by the Massachusetts Cannabis Control Commission
WAREHAM, Mass., Jan. 10, 2019 /PRNewswire/ — LDE Holdings, LLC (“Trade Roots”) today was granted a provisional state license to cultivate adult-use cannabis by the Massachusetts Cannabis Control Commission (while awaiting review of their retail and manufacturing applications).
Trade Roots, expected to begin operating this summer, intends to employ more than 40 local residents once the business is running at full capacity at their 16,000-square-foot facility at 6 Thatcher Lane in the Wareham Industrial Park. In June 2018, Trade Roots received one of three Host Community Agreements to sell cannabis by the town of Wareham.
“We’re thrilled by the opportunity to establish a locally-owned, operated, and staffed business that will provide the highest-quality products to citizens from across the state,” said Trade Roots Chief Executive Officer Jesse Pitts. “As a Wareham native, I’m committed to supporting economic development and job creation in my hometown, growing our local and state economy and cultivating a range of customer-focused products within an operation my neighbors and my community will be proud to host.”
Trade Roots will offer customers craft cannabis products in a beachtown boutique retail environment. “We’re putting tremendous thought and care into creating a wonderful customer experience alongside a competitively-priced product of the highest quality,” Trade Roots President Carl Giannone said. “We are honored by the responsibility entrusted in Trade Roots by the CCC and we fully intend to deliver on those high expectations, setting the standard for a true craft cannabis operation in the Bay State by and for Massachusetts residents.”
Consistent with its Host Community Agreement, 3% of Trade Roots sales receipts will be paid to the town.
“We’re committed to the town of Wareham and can’t wait to introduce ourselves and positively impact our community,” Pitts said.