Business Standard

Wrigley billionaire moves from chewing gum to medical marijuana

Former CEO of family business backs Georgia wellness firm

Marijuana, cannabis
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Former smokers who use cannabis are also more likely to relapse to cigarette smoking

Bloomberg
The scion of a family that made a fortune in chewing gum is moving into pot.

William Wrigley Jr. II, who helped orchestrate the sale of his family’s business to Mars Inc. in 2008, led a $65 million investment round for Surterra Wellness, a medical cannabis startup in Georgia with licenses to operate in Florida and Texas. The funding brings the total raised so far to $100 million, according to Surterra.

Wrigley, 54, who left the gum and candy business after the sale, backs companies through a personal investment arm based in West Palm Beach, Florida. After an initial investment

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