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Jushi Holdings Inc.
Jushi Holdings is a vertically integrated cannabis multi-state operator founded in 2018 by Jim Cacioppo. Headquarters in Boca Raton, FL.
Jushi Holdings Inc.
Jushi Holdings was founded in 2018 by Jim Cacioppo, a former investment banker and CEO of a publicly traded hemp company (per public record). The firm is structured as a holding company that consolidates cannabis cultivation, processing, and retail under the Beyond Hello and Nira Medical banners. Jushi deploys capital into real estate, cultivation facilities, and retail buildouts across limited-license states. Its portfolio includes 38 operational dispensaries with licenses for additional sites. Major markets include Pennsylvania (19 dispensaries), Virginia (4), Ohio (5), Massachusetts (3), and Illinois (7). The company also operates a processing facility in Pennsylvania. Capital is raised through a combination of private placements, debt issuance, and equity offerings. The firm raised $145M in a private placement in 2021 (per SEC filings). Jushi reports roughly 600 employees but does not publicly disclose AUM or professionals headcount. The firm operates a single HQ in Boca Raton, Florida, with no additional offices disclosed. Its capital-raising and operating model is directly tied to the publicly traded parent company (OTC Pink: JUSHF). In September 2024, Jushi announced the sale of its Nevada assets to focus on core markets (per company press release). Jushi differentiates by operating as a publicly traded holding company rather than a private operator, offering liquidity to investors through a traded equity structure. The firm's management team maintains a strong focus on regulatory compliance and state-level market penetration, with a mandate to concentrate on limited-license states that offer pricing power and barriers to entry.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Boca Raton
Corporate office
Boca Raton, FL, United States
Principals
Jim Cacioppo
Chief Executive Officer, Founder
Sector focus
Frequently asked questions
Who runs Jushi Holdings?
Jim Cacioppo founded the business and serves as Chief Executive Officer. He previously founded and led CannaVest Corp (which became CV Sciences). He is the controlling shareholder and faces ongoing SEC fraud allegations related to his prior role at CannaVest (per SEC filings, 2023).
How does Jushi fund its operations and expansion?
Jushi funds expansion through a mix of private placements, debt facilities, and equity offerings via its publicly traded parent company. In 2021, the firm raised $145M in a private placement (per SEC filing). The company's public listing on OTC Pink provides additional liquidity for investors.
Does Jushi operate only in the U.S.?
Yes. Jushi's current operations are entirely within the United States. The firm previously had an international expansion strategy that included assets in Nevada (sold in 2024) and a prior partnership in Chile, but it now focuses exclusively on five U.S. states.
What distinguishes Jushi from other multi-state cannabis operators?
Jushi maintains a strategy of concentrating in limited-license states—states that cap the number of dispensary or cultivation permits—which creates a more defensible market position. Its retail brands include Beyond Hello and Nira Medical.
Is Jushi directly involved in pharmaceutical or medical cannabis?
Yes, Jushi operates medical dispensaries in Virginia under the Nira Medical brand and holds a dispensary permit in Ohio. The firm also owns a processing facility in Pennsylvania that manufactures medical cannabis products.
What is the relationship between Jushi Holdings and its publicly traded stock?
Jushi Holdings Inc. is the parent company and trades as JUSHF on the OTC Pink market. The public listing is part of its capital-raising model, offering equity to external investors. The firm is not yet listed on a major exchange (per SEC filings).
Does Jushi face regulatory or legal risks?
Yes, like all multi-state cannabis operators, Jushi faces compliance risks from conflicting state and federal laws. Additionally, CEO Jim Cacioppo has been named in a shareholder class action lawsuit and an SEC investigation related to his role at CannaVest Corp (per SEC filings, 2023). These legal matters could distract from operations or affect capital access.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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