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Los Angeles-primarily based Future State Brands, a customer brands cannabis holding business, received $25 million of funding led by Cresco Capital Partners.

Future State Brands has a portfolio of hemp, THC and CBD brands in a assortment of sectors which includes beverage, clothes and cosmetics.

The proceeds will be made use of by the holding business for item improvement and prospective acquisitions.

Dallas-primarily based Cresco Capital is a cannabis-focused investment group which has allocated at least $85 million to the market because its inception in 2014.

A lot more facts on the funding can be discovered right here.

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