- Business
- MJ Holdings, Inc. MJ Holdings, Inc. (MJNE) operates as a diversified cannabis holding company focused on providing services to the regulated cannabis industry in Nevada, including cultivation management; licensing support; production management; asset and infrastructure development; production of cannabis-related products; management consulting services; and dispensary operations. The company, founded in 2006 and headquartered at 5730 Sky Pointe Drive, Unit, Las Vegas, Nevada, also acquires and leases real estate to licensed marijuana operators, offering complete turnkey growing spaces and related facilities to licensed growers and dispensary owners, while exploring ancillary opportunities in the sector without directly growing, harvesting, distributing, or selling marijuana due to federal restrictions. It maintains operations centered in Nevada, with a three-acre cooperative farm in Amargosa Valley, and extends cultivation expertise through subsidiaries and partnerships. Recent developments include the 2022 acquisition of MJH Research, Inc., a Florida-based entity, to expand hemp cultivation operations and enter ESG-focused initiatives like carbon reduction; securing Nye County approval in August 2022 for growing at its Amargosa Farm; and ongoing management agreements, such as the 2021 deal with Green Grow Investments for cultivation oversight at its Nevada farm, alongside a prior Membership Interest Purchase Agreement for medical and recreational cultivation and production licenses valued at $1.25 million to activate proprietary land known as The Farm.