Columbia Care, which holds one of six licenses in New Jersey to cultivate cannabis, has purchased its first location in the Garden State.
The company, a global medical cannabis operation with licenses in 18 jurisdictions in the United States and Europe, bought a vacant industrial building in the southern part of the state at 1560 N. West Blvd. in Vineland for $2.6 million, according to CoStar data.
LS Capital, which was represented by NAI Mertz in the transaction, sold the 50,274-square-foot building to Columbia Care, which provides cannabis-based health and wellness options for patients.