Compassionate Care got there first, opening the Botanist medical marijuana dispensary on the Boardwalk in February 2020. A few months later, Compassionate Care Foundation was acquired by Acreage Holdings, a limited liability company.
MPX planned to open its medical marijuana dispensary just off the Boardwalk last year also, but Compassionate Care went to court seeking to prevent it from opening. MPX prevailed over that lawsuit and another filed by rejected license applicants over the awarding process. But MPX and investor iAnthus, which put $10 million into it, have been feuding and the dispensary hasn’t opened.
The internal MPX discord having accomplished at least temporarily what Acreage-Compassionate Care sought in court, the Botanist dispensary looked well-positioned for the coming legal marijuana market in Atlantic City. Then last month, City Council voted to prohibit sale of recreational marijuana on its Boardwalk.