TILT Holdings Inc. (CSE: TILT) (OTC: TLLTF) announced Tuesday that its operating asset Commonwealth Alternative Care has obtained local approval for adult-use cannabis sales in Taunton, Massachusetts.
Commonwealth Alternative Care has been selling medical cannabis via the Massachusetts Medical Use of Marijuana program since August 2018, the company said.
Massachusetts legalized adult-use cannabis in 2016, but sales only commenced in November 2018.
The approval is conditional upon Commonwealth Alternative Care achieving several milestones and receiving final approval from the Cannabis Control Commission, which TILT Holdings expects in the coming months.
“We have always had a tremendous opportunity with our plant-touching assets in the Massachusetts market, …