Curaleaf, Columbia Care, TerrAscend And Others Ready To Roll In New Jersey

New Jersey legal recreational cannabis sales finally started Now, the question is: Who will celebrate more? Consumers or marijuana operators? 

It looks like it’s a tie, considering that it has been some 17 months and multiple setbacks since New Jerseyans decided to legalize adult-use cannabis in a ballot measure. Just recently, the Cannabis Regulatory Commission approved 34 conditional licenses and agreed that seven of the state's 10 medical cannabis companies can begin sales. 

So which weed companies are ready to roll on the first day?

Among them are some large operators like  (CSE: CURA) (OTCQX: CURLF), TerrAscend (OTC: TRSSF), Columbia Care (OTC: CCHWF), Acreage (OTC: ACRHF), and Ascend Wellness (OTC: AAWH). 

 

dispensary in Bellmawr will begin serving adult-use customers, with Edgewater Park and Bordentown to quickly follow.

During this period of expansion, patient care for individuals licensed under New Jersey's medical marijuana program will remain Curaleaf's top priority at all New Jersey retail locations.

In anticipation of increased demand, the company has tripled its cultivation capacity to ensure that medical patient supply is prioritized in the event of a product shortage. 

"The launch of New Jersey's adult-use marketplace is a major step forward for the cannabis industry and it is a privilege to be among the inaugural group of licensees that will mark the beginning of the state's adult-use market," stated Joe Bayern, CEO of Curaleaf.

"Our local teams look forward to building strong relationships with new consumers while deepening our ties with the medical community. Providing top-tier medical patient care remains our main priority and we have adopted considerable safeguards to make sure they can seamlessly access products to find relief. We thank you for your continued support as we join the state of New Jersey on this historic journey."

TerrAscend

As for …

Full story available on Benzinga.com

More Curaleaf, Columbia Care, TerrAscend And Others Ready To Roll In New Jersey