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Local Cannabis Stores Sell To High Times Holdings

Two local cannabis dispensaries have been sold to a large conglomerate. 530 Cannabis on Shasta Dam Boulevard in Shasta Lake City began 11 years ago as a medical marijuana provider and made the transition to recreational sales after voters approved decriminalization. Synergy, located on Hemsted Drive in Redding, opened in 2018 as Redding’s first licensed recreational cannabis store. Tuesday an announcement was made that both dispensaries and the accompanying delivery service are being acquired by High Times Holdings. The company has been publishing High Times Magazine since the early 1970s and is now becoming a publicly traded corporation in the cannabis sales business. Both stores will be rebranded with the “High Times” name, but the company says they will retain the 43 employees.