CCHWF - Cannabis sales set to begin in New Jersey 'within weeks' - Marijuana Moment

The legal sale of cannabis through dispensaries is set to begin in New Jersey "within weeks," Gov. Phil Murphy (Dem.) said, Marijuana Moment reported. The Garden State has been waiting for marijuana sales since voters in 2020 approved a referendum on the matter. Cannabis has been legalized for adult use since 2021. Speaking with NPR station WBGO on Feb. 24, Murphy said, "If I had to predict—I've said this before, but I mean this literally in this case—I think we’re within weeks. I would hope in March that you're going to see explicit movement on the medical dispensaries, some number of them being able to sell recreational." Cannabis would be sold in the state initially in existing medical dispensaries. Publicly traded multi-state operators in New Jersey are Curaleaf (OTCPK:CURLF -0.0%) and Columbia Care (OTCQX:CCHWF -2.5%). Read why Seeking Alpha contributor Jesse Redmond argues that Curaleaf is a buy.

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Cannabis sales set to begin in New Jersey 'within weeks' - Marijuana Moment