Curaleaf
New Marijuana Dispensary Opens In Burlington County
A new marijuana dispensary has opened in Burlington County, as local governing bodies continue to discuss how recreational marijuana will be regulated within their jurisdictions.
Curaleaf has opened a dispensary in Edgewater Park, the company announced last week. With the new site, Curaleaf said it has tripled the company's cultivation capabilities to serve both the existing New Jersey medical market and the forthcoming adult-use market.
Curaleaf Expands Presence in New Jersey With New Dispensary & Cultivation Facility
Curaleaf Edgewater Park is a 7,640 square foot dispensary conveniently located off the Burlington Pike at 4237 Route 130 South and is open to all patients with a valid medical card. Curaleaf has been serving New Jersey’s medical community since the opening of its Bellmawr dispensary in 2015, and the Company anticipates opening a third dispensary in Central New Jersey later this summer. Patients will have expanded access to Curaleaf’s diverse line of award-winning product offerings including branded flower, vapes and ingestible products.
VIDEO: With deadline in sight, NJ towns grapple with marijuana decision
New Jersey’s statewide push to allow recreational cannabis for adults is meeting some resistance on the local level. Some towns have already chosen to ban cannabis companies, and others — hoping for more guidance from the Cannabis Regulatory Commission — must decide before the August 21 deadline.
In Edgewater Park, Burlington County the decision was to say yes to a Curaleaf medical marijuana dispensary; the grand opening was Friday.
N.Y. Legalization Offers Head Start for Existing Operators, But Newcomers Won’t Be Put Out
Simon Malinowski, managing attorney of cannabis-focused law firm Harris Bricken’s New York office, wrote in a blog post that the language of the bill makes it clear lawmakers wanted to discourage anti-competitive behaviors.
“The legislature’s motivation for prohibiting vertical integration is woven into the language of the MRTA: to provide industry newcomers – especially social and economic equity applicants — a better chance to thrive, while also preventing monopolies,” he wrote.
Exceptions to the Rule
States Keep Repeating the Same Mistake With Marijuana Legalization
Increasingly, a group of larger companies known as multistate operators, or MSOs, dominate the industry. While still small compared with, say, liquor companies, the largest MSOs have dozens of stores and hundreds of millions in annual revenue. Leading MSOs such as Curaleaf, Cresco Labs, and Columbia Care have raised money by going public in Canada.
Prospects for adult-use cannabis legalization loom large in Connecticut
Several MSOs, including Curaleaf, Green Thumb Industries and Trulieve, have spent tens of millions of dollars in the past two years to enter or expand in Connecticut’s MMJ market and position themselves for the possible legalization of recreational cannabis.
In addition, any adult-use market is expected to generate license and ancillary opportunities for a number of Connecticut-based enterprises, including social equity applicants and small businesses.
New weed group tries to unify disparate cannabis factions
What’s the current landscape: There are already at least five national trade groups seeking to influence cannabis policy on Capitol Hill. In addition, there are longstanding marijuana legalization advocacy groups like NORML and Marijuana Policy Project, as well as lobbyists for individual cannabis companies and larger umbrella groups such as the ACLU and Human Rights Watch. As Congress focuses more attention on cannabis policy, some have pointed out that the lack of unity could hold back legalization efforts.
Hawkins says he hopes USCC can alleviate that problem.
‘There’s no stopping the industry now’: Democratic control is a big win for marijuana
The day after Democrats swept both Senate seats in the Georgia runoff election — giving them a slim majority and installing pro-marijuana legalization leaders in the upper chamber — Curaleaf Chair Boris Jordan decided to try something big.
“I literally called my bankers and I said, ‘Guys, I think this is going to be a big change. Let's do an [overnight] offering,’” Jordan recalled.
Curaleaf, America’s largest cannabis company, put over 16 million shares on the market overnight and brought in $300 million — in equity and debt sales — in under 24 hours.
All eyes are on New Jersey as it prepares region’s first adult-use cannabis market
Companies in the Market: Multistate operators have a strong foothold in the market, partly through acquisitions.
MSOs with licensed operations in New Jersey include Acreage Holdings, Columbia Care, Curaleaf, Green Thumb Industries, iAnthus and TerrAscend.
Big Picture: The New Jersey vote is expected to put pressure on other states to follow suit across the Northeast and down the East Coast, including Connecticut, Delaware, Maryland, New York, Pennsylvania, Rhode Island and Virginia.
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