"Even with new stores opening, we continue to ramp up production (in New Jersey)," Green Thumb Chief Executive Ben Kovler told Reuters, adding that the state "continues to show strength" in terms of sales.
Green Thumb's revenue rose 3% in the three months ended Sept. 30 from the previous quarter, partly helped by more people visiting its 77 open stores across 15 U.S. states during the quarter, the company said.
New Jersey’s recreational marijuana marketplace is open for business.
Recreational sales of cannabis for adults 21 and older are scheduled to start Thursday, with the first alternative treatment centers opening at 6 a.m. in part of the state.
“It’s a huge event. It’s a moment in time in American history where prohibition 2.0 is lifted,” said Ben Kovler, the chairman and CEO of Green Thumb Industries, which has two facilities opening Thursday, one in Bloomfield and another in Paterson.
Enthusiasm within the industry was palpable.
Dispensaries in Bloomfield and Paterson, which are both about 20 miles from Midtown Manhattan, were making plans to entertain customers waiting in line with a D.J., doughnut truck and a steel drum band.
“The end of prohibition is coming to New Jersey,” said Ben Kovler, chief executive of Green Thumb Industries, which operates both dispensaries. “We’re prepared for a tidal wave of demand.”
Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ Dispensaries, today announced it will open Rise Bloomfield, the Company’s third store in New Jersey and 65th in the nation. Profits from the first day of sales will be donated to the Bloomfield Youth Aid Foundation, a non-profit organization dedicated to providing services to Bloomfield youth, including scholarship funds, toy drives and summer youth programs.
Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ Dispensaries, announces the opening of Rise Paramus in New Jersey. This is Green Thumb’s second Rise™ location in New Jersey and 54th store in the nation. Profits from the first day of sales will be donated to the Paramus Children’s Health Foundation, which provides financial support to families of children who suffer from a severe illness or injury that results in economic hardship.
The vlogger on WeedTube seemed to capture the moment. The woman, who posts as @indicawife, told viewers last month that she’d spent some of her $1,200 stimulus check at the local cannabis dispensary.
“We’re all going to be smoking a fat blunt with Donald Trump’s money,” she said as she took a puff. “That’s a bet.”
There’s a lot to be depressed about as a lethal virus spreads, leaving economic devastation and political division in its wake. But these difficult days haven’t been awful for the up-and-down cannabis industry.
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, will open Rise Paterson, its first store in New Jersey, on Saturday, December 21. This is GTI’s 37th store in the nation and the fourth store GTI has opened within the last month. GTI also operates a cultivation and processing facility in Paterson, which this month received its permit to begin growing cannabis, and is the first cannabis company to become operational in the state among the 2018 license award winners.