New York's $150 Million Cannabis Campus, $21 Million To Democratize Car Insurance and Under 30 Nominations Extended – Forbes

About 60 miles north of Manhattan, at the foothills of the Ramapo Mountains and past a few cow pastures, stand the redbrick buildings of the old Mid-Orange Correctional Facility in Warwick, New York. In 2011, then New York Governor Andrew Cuomo shuttered the prison. Now, a decade later, 40 acres of penitentiary farmland is being transformed into the new home of Green Thumb Industries, one of the nation’s largest cannabis companies, and its $150 million cultivation and manufacturing site.

By 2023, GTI’s “cannabis campus” will start producing tens of thousands of pounds of marijuana, millions of THC-infused gummies and vape cartridges to fill the shelves of its dispensaries throughout the Empire State. This week’s must-read story takes you inside Green Thumb Industries’ expansion of its $5.7 billion empire in the Empire State with a lavish new grow facility to compete in the booming marijuana market.

How Ozy Fest Was About To Become The Next Fyre Festival —Until A Heat Wave (And Insurance Claim) Bailed Them Out

Forbes found that Ozy Media’s most visible product made wildly inflated ticket sales and exaggerated celebrity appearances.

This Week’s Money Moves

It was a very good July for Las Vegas. Nevada collected $794 million in gambling revenue from casinos on The Strip last month, the highest all-time win total for the state.

Last fall, Hippo CEO Assaf Wand spoke optimistically about going public through a SPAC. One year later, things haven’t turned out quite as planned as the stock has fallen more than 50%.

Zero-waste cleaning product company Cleancult has raised $25 million. The New York-based startup makes natural household cleaners that don’t use plastics and, unlike competitors, are designed to be sold in-store.

The Inside Scoop: Under 30 News

Loop Has Raised $21

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