Acreage Holdings, one of the nation’s largest cannabis corporations, signed a letter of intent to assist in the expansion of a Compassionate Care Foundation’s cannabis cultivation and dispensary facility in Egg Harbor Township.
The CCF is one of six alternative treatment centers permitted by the state to grow and dispense medical marijuana. Acreage Holdings will provide CCF with the financial resources to accommodate growing demand.
“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,” said CCF President David Knowlton 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."
New York City-based Acreage was established by founder Kevin Murphy in 2014. New Jersey marks the twelfth state in the company’s portfolio of cannabis cultivation, processing, and dispensing operations.