Jill Schramm/MDN A building in southwest Minot, near Dakota Square Mall, has been identified by Grassroots Cannabis as a potential location for a medical marijuana dispensary.

A company approved to provide medical marijuana in Minot says it plans to have a dispensary open by late summer or early fall.

Grassroots Cannabis (GR Companies Inc.) won four dispensary licenses granted in North Dakota’s latest round, in Minot, Dickinson, Devils Lake and Jamestown. In a news release Tuesday, the company stated it grows, processes and sells cannabis through its unique, vertically integrated business model. In addition to holding four of the state’s eight dispensaries licenses, it holds one of only two grow licenses.

Grassroots Cannabis has selected a dispensary site in Minot at 2301 16th Street SW. This is the same site for which another dispensary applicant had obtained a conditional use permit. There had been four applicants for a Minot dispensary, and Grassroots Cannabis was selected.

“We are thrilled to continue to expand our presence in North Dakota, sharing our unparalleled expertise to further provide consumers access to safe and effective cannabis products,” said Grassroots Cannabis CEO and co-founder Mitch Kahn in the news release. “Our recent success in North Dakota is a testament to our team’s collective strategic vision and execution of building an integrated business model that enhances the communities which we serve.”

The Illinois company’s new dispensaries in North Dakota will follow the company’s Herbology concept. Herbology includes wellness events, support groups and education seminars.

Driven by a shared belief that cannabis enhances life for people from all backgrounds, Grassroots is committed to growing from the ground up, working locally to create jobs and opportunity while serving, advancing and respecting the cannabis movement, according to the news release. Grassroots credits its continued growth and success securing licenses in 11 states to:

® A strong financial condition: Grassroots recently completed its first capital raise of $90 million at the GR Companies Inc. level.

® Retail and product development: Grassroots is committed to developing its portfolio to continue to address the key market sectors of medical, wellness and adult-use. The company continues to bring new products to market that are thoughtfully designed to provide targeted solutions for the medical and recreational consumer segments.

® A diverse leadership team: The executive management team is a group of highly skilled business leaders who possess the wide-ranging expertise needed to operate a successful, safe, secure and compliant medical cannabis organization.

® A proven track record: Grassroots has a demonstrated history of success in forming new ventures in the cannabis industry.

® A knowledgeable staff: Grassroots’ staff of well-trained professionals have grown, processed and dispensed medical cannabis at scale and are committed to the company’s success.

“Our business model and our careful and conscientious approaches to patient care and compliance resonate with the state licensing authorities,” says Steve Weissmann, chief strategy officer of Grassroots Cannabis. “We are proud to be a leader in this fast-growing industry and on the forefront of innovation and regulatory approvals.”