On June 17, it was announced that High Times magazine had been sold to RAW Rolling Papers owner Josh Kesselman for $3.45 million. Hightimes Holdings Co. was placed in a receivership after the company collapsed due to more than $20 million of debt. High Times had been previously sold to Oreva Capital led by Adam Levin in 2017. Levin has since been found guilty of fraud related to a bogus stock offer that lured in thousands of gullible readers. The company’s reputation declined significantly since then. Kesselman and former High Times executive Matt Stang will attempt to revive the venerable pot publication and brand that was founded by Tom Forçade in 1974. The new company is named High Times Media. We spoke to Kesselman by phone two days after the deal made news.
