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A Pennsylvania marijuana cultivation business that had put itself on the block for $20 million has pulled the plug on the sale after the state’s governor threatened to revoke the company’s coveted new license.
Franklin Labs, which was put up for sale this year after winning one of 12 MMJ licenses, is led by John Hanger, a former adviser to Pennsylvania Gov. Tom Wolf.
In a letter, the director of the state Office of Medical Marijuana called the sale proposal “disturbing,” and on Monday Franklin Labs “took the offer off the table,” the Philadelphia