A longtime medical cannabis dispensary in New Jersey has struck a partnership with Acreage Holdings, the multistate marijuana business that last month brought former House Speaker John Boehner onto its board of directors.
According to NJ.com, Compassionate Care Foundation in south New Jersey is teaming up with Acreage to construct a 100,000-square-foot grow operation.
Acreage Holdings and Compassionate Care Foundation have both signed a letter of intent for a long-term management contract for future operations and expansion plans, NJ.com reported.
The dispensary is also trying to get approval from the state to open more storefronts in three municipalities – Atlantic City, Cherry Hill and Moorestown – in addition to its flagship dispensary in Egg Harbor Township.