Cannabis and Hemp Sector Ideas

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>>> New Jersey takes step toward adult use cannabis sales


MarketWatch

April 12, 2022

By Steve Gelsi


https://www.marketwatch.com/story/new-jersey-takes-step-toward-adult-use-cannabis-sales-2022-04-12?siteid=yhoof2


New Jersey's Cannabis Regulatory Commission on Monday OK'd applications from seven cannabis companies to sell cannabis to adults over 21, pending operational inspections and issuance of new licenses.

Acreage Holdings ACRHF, -3.42%, Ascend Wellness Holdings Inc. AAWH, -0.28%, Columbia Care Inc. CCHWF, -3.00%, Curaleaf CURLF, -2.78%, Green Thumb Industries GTBIF, -0.84%, Verano Holdings Corp. VRNOF, -0.96% and TerrAscend Corp. TRSSF, +0.72% will be allowed to operate a combined 13 adult use dispensaries.

The state is also processing applications for other adult use players but will allow these companies to start selling sooner. The AdvisorShares Pure Cannabis ETF MSOS, -1.75% is down 25% so far this year.

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