Acreage Holdings has licenses in 17 states, of which 12 are operational, while the company has licenses to process in 12 states, seven of which are now in operation. The company has licenses to operate 68 retail dispensaries in 12 states, of which 21 are currently operational in 10 states. The Botanist is its retail concept designed to appeal to both adult use and medicinal consumers.
Acreage is licensed to open four stores in its home state of New York under the company name NYCANNA. The company is also planting its flag in Queens, with its latest Botanist opening this past week on February 20. It is Acreage's first dispensary in the New York City area.
Acreage's operation in Florida is the result of its purchase of Nature's Way Nursery of Miami, which it acquired for $67 million in January 2019. Acreage plans to open 18 retailers in 2019 in the state. Its Michigan properties were the result of an agreement with Blue Tire Holdings reached in August 2018.
Other states where Acreage now has a presence include: Ohio, North Dakota, New Jersey, Massachusetts, California, Connecticut, Iowa, Maine, Maryland, New Hampshire, Pennsylvania, Oregon and Oklahoma. There are pending acquisitions in Rhode Island, and the Form Factory in Oregon has operations in Washington and California.