The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century.

Hightimes Holding Corp. said Tuesday is acquiring 13 dispensaries from Harvest Health and Recreation, one of the largest multi-state producers and sellers of cannabis in the U.S.

Hightimes said the cash and stock deal valued at $80 million makes Tempe, Arizona-based Harvest a “significant” shareholder in Hightimes, which is preparing to make an initial public offering of stock.

Click here to read the complete article

Alex Viega ~ Associated Press ~