Acreage Holdings, one of the nation’s largest cannabis cultivation, retail and real estate companies, is collaborating with a south Jersey medicinal marijuana dispensary to open and manage a 100,000-square-foot growing site in Gloucester County, NJ Advance Media has learned.
Compassionate Care Foundation of Egg Harbor Township also is seeking permission from the state Health Department to open dispensaries in Atlantic City, Cherry Hill and Moorestown, said David Knowlton, the dispensary’s founder and president.
Compassionate Care and Acreage Holdings have signed a letter of intent to enter into a long-term management contract to assist with future expansion and operations, according to a statement from both entities.
“We are excited about this new partnership with a company that understands the vital importance of making medicinal marijuana available to the New Jerseyans who desperately need this option to address their conditions,” Knowlton said in a statement.
“Acreage Holdings, as one of the most reputable operators in the country, if not the world, has the resources and experience to expand the operations of CCF to provide more access to medical marijuana for patients in need,” Knowlton’s statement said. [Read more at NJ.com]