The Company received approval from the New Jersey CRC to commence operations at its second cultivation and production facility on May 25, 2022, along with the approval to begin using post-harvest automation equipment. The introduction of this equipment will reduce the "harvest to shelf" time for products, making it easier to meet the rapidly-growing patient and customer demand.
Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) today reported financial and operating results for the first quarter ended March 31, 2021. All financial information is unaudited and provided in US dollars unless otherwise indicated.
As one of only three operators licensed to dispense in the southern region of New Jersey, Columbia Care's Vineland facility will allow the Company to address a large, underserved population in the state. The dispensary will be supported by the Company's 50,000 sq. ft. cultivation and manufacturing facility, which will produce its first harvest next month, supplying both the dispensary as well as Columbia Care's wholesale operations in the state.
Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) today announced the opening of its first medical cannabis dispensary in New Jersey. The new dispensary is located at 1062 N Delsea Drive, Vineland, NJ 08360, and will begin serving the New Jersey medical cannabis community today.
Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational.
Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state.
But cultivators are still facing regulatory hurdles and the growing pains of keeping pace with the rapidly expanding industry.
Marijuana Business Daily surveyed several growers, analysts and business owners in Florida, Maryland, Massachusetts, New York and Pennsylvania to determine:
Columbia Care Inc, a multistate medical cannabis operator, is setting a new precedent for the legal cannabis industry. Last week, the company announced it was launching a credit card for purchases at its multiple locations, the first of its kind for a market long plagued by banking restrictions due to the marijuana's federal illegality.
As one of the largest medical marijuana operators in the nation, Columbia Care knows what it takes to launch its newest operation in New Jersey, the 14th state in which it will have a license.
The two applicants are linked to larger parent companies.
MPX Bioceutical Corp. operates medical and recreational marijuana businesses in the United States and Canada, according to its website.