Acreage Holdings, the politically connected cannabis behemoth, is buying a South Jersey medical marijuana cultivator and retailer.
The arrangement will formalize a two-year relationship between the New York-based Acreage and Compassionate Care Foundation (CCF) of Egg Harbor.
Last year, Acreage bought a 135,000-square-foot former orchid greenhouse in Sewell to convert it into the largest weed cultivation facility on the East Coast.
On Monday, Acreage said it was buying “100% of the equity interests in CCF” in anticipation of the Garden State’s efforts to legalize marijuana for adult recreational use. It’s unclear how it will work, as the foundation is a nonprofit.