Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) confirmed Tuesday it has received adult-use prequalification status under the licensing provisions of the Michigan Regulation and Taxation of Marihuana Act and associated rules via its subsidiary, RWB Michigan, LLC.
What this means
This approval represents the authorization of the company to move forward with its full operational strategy in Michigan and complete the licensing process for its intended facilities.
“Michigan has been one of the highest bars of entry to any market we’ve entered,” RWB CEO and chairman Brad Rogers said. “The …