Verdes Foundation, one of New Mexico’s largest medical cannabis companies, is set to open its first Santa Fe shop — a dispensary on downtown Shelby Street — at the end of November. It plans another new store in the city in 2022, when the state will launch legal sales of recreational cannabis.
The company, which now operates in Albuquerque and Rio Rancho, won’t be funding these expansions with bank loans.
“We self-capitalize our growth,” Verdes CEO Rachael Speegle said. “We don’t borrow any money.”
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