Located along the main route between Montgomery County and Northwest Philadelphia, one of the nation’s leading cannabis operators, Curaleaf, celebrated the grand opening of its 1,800 sqft City Ave dispensary on Monday.
“We are pleased to expand and strengthen our retail presence in Pennsylvania, offering our unparalleled patient care and education, as well as access to premium cannabis products,” said Curaleaf Chief Executive Officer Joe Bayern. “We look forward to serving these communities and anticipate that demand will quickly surpass projected sales in this market, as cannabis continues to gain acceptance for a variety of health and wellness needs.”
After a three-year legislative battle, Gov. Phil Murphy (D-NJ) signed three bills that legalize up to six ounces of cannabis in New Jersey last week.
“In addition to the estimated $126 million in annual tax revenue by the NJ State Legislature, the adult-use market will now open-up a lot of new economic opportunities across the state,” Patrik Jonsson, Curaleaf Regional President, Northeast, explained to us via email.
Although medical marijuana was initially legalized in the Garden State in 2010, Jonsson noted that this shift to the adult-use market will open these opportunities in a way that supports communities that have been negatively impacted by the War on Drugs.
“This legislation will establish an industry that brings equity and economic opportunity to our communities while establishing minimum standards for safe products and allowing law enforcement to focus their resources on real public safety matters,” Gov. Murphy said last week. “We’re taking a monumental step forward to reduce racial disparities in our criminal justice system, while building a promising new industry and standing on the right side of history.”