A longtime medical cannabis dispensary in New Jersey has struck a partnership with Acreage Holdings, the multistate marijuana business that last month brought former House Speaker John Boehner onto its advisory board.
According to NJ.com, Compassionate Care Foundation in south New Jersey is teaming up with Acreage to construct a 100,000-square-foot grow operation.
The dispensary is also trying to get approval from the state to open more storefronts in three municipalities – Atlantic City, Cherry Hill and Moorestown – in addition to its flagship dispensary in Egg Harbor Township.
That will likely become possible if the legislature signs off on a bill to expand New Jersey’s MMJ program significantly. The legislature is also weighing recreational marijuana legalization.
New Jersey would be the 13th state in Acreage’s portfolio if the deal with Compassionate Care Foundation goes through.
Acreage has marijuana industry interests in Arizona, California, Colorado, Connecticut, Florida, Illinois, Maine, Maryland, New York, Oregon, Pennsylvania and Washington state.