New Jersey: Page 4

New Jersey Medical Cannabis Sales Fading Quicker Than Adult-Use Sales Grow

The state’s licensed retailers sold more than $179 million of cannabis during the first three months of 2023, a decline from the previous quarter.

Trulieve, Verano, Ascend Wellness Buckle Up for New Growth Markets

Reporting first quarter financials, CEOs from the three multistate operators are now regearing for more favorable business conditions.

UPDATED: New Jersey Governor Signs Legislation to Provide Tax Relief to Cannabis Industry

A bill Gov. Phil Murphy signed into law May 8 allows businesses to deduct certain expenses on their state tax returns.

TerrAscend’s New CEO on NJ Prospects

Ziad Ghanem, who recently took control of the company’s chief executive reins, outlines opportunities ahead in New Jersey.

New Jersey Celebrates 1st Adult-Use Anniversary With Zero Black-Owned Dispensaries Outside Medical Market

CRC board member Charles Barker pushes for an equitable foundation before approving any more licenses for companies that are not diversely owned.

New Jersey Sold Nearly $555 Million in Cannabis in 2022

The Garden State’s licensed retail market was boosted by last April’s adult-use sales launch.

Curaleaf’s New Jersey Licenses Renewed With Conditional Approval During Emergency Meeting

State regulators with the Cannabis Regulatory Commission voted to vacate a previous decision and allow Curaleaf to continue adult-use operations, for now.

Curaleaf’s Adult-Use License Renewals Rejected in New Jersey

State regulators voted to put the company’s licenses for two cultivation, one manufacturing and two retail facilities on hold in the Garden State.

MSOs Verano, Acreage Fined by New Jersey Regulators, Again

The cannabis companies’ Zen Leaf and The Botanist dispensaries each received $5,000 in penalties related to patient access.

Verano CEO Says 2023 Will Be ‘Inflection Point’ for Cannabis Industry

As smaller operators struggle to weather the industry downturn, George Archos forecasts favorable M&A deals in attractive markets.

Curaleaf Shutting Down Cultivation Facility in New Jersey

As state regulators work toward standing up the state’s adult-use program, the MSO has made the decision to cut back on cultivation.

New Jersey’s Burgeoning Cannabis Garden Set for Expansion

The state’s existing medical operators had first-mover advantage for the adult-use market, but a new wave of licensees will soon change the landscape.

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