Marijuana advocates in New Jersey are questioning why Curaleaf Holdings is reducing production in a state that has some of the highest cannabis prices in the United States – a sign the market isn’t as well-supplied as the company says it is.
Further, regulators have added more than 130 retail and manufacturing licenses to the state, according to the New Jersey Monitor.
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“It doesn’t make any sense for them to be closing the grow and laying off all these employees, just as small businesses get their licenses and could be buying these products,” said Chris Goldstein, a regional organizer with Washington DC-based NORML.
Curaleaf laid off 49 employees at its Winslow production facility earlier this month.
The New York-headquartered multistate operator attributed the decision to the state’s “ample supply” of marijuana in its stores.
Curaleaf also laid off 40 workers in the state in March.
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