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Pharmhouse exits New Buffalo cannabis market; Backpack Boyz steps in
Summary by Moody on the Market
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1 Articles
Pharmhouse exits New Buffalo cannabis market; Backpack Boyz steps in
Pharmhouse Wellness has sold its New Buffalo Township dispensary for $3.5 million, closing a deal Sept. 10 with an affiliate of California brand Backpack Boyz, according to Crain’s Grand Rapids Business. The store, which opened in June 2024, is now listed as closed on Pharmhouse’s website. Owner Casey Kornoelje told Crain’s the move was driven by tight margins and oversaturation, with more than a dozen dispensaries crowding into a township of fe…
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