HRVSF - These 3 Cannabis Stocks Have a Head Start in Arizona and New Jersey
Harvest Health & Recreation (OTC: HRVSF) , Curaleaf Holdings ( OTC:CURLF ), and Acreage Holdings ( OTC:ACRGF ) are moving quickly to cash in on new markets after citizens in Arizona and New Jersey voted to permit adult-use cannabis sales next year.
Companies that already have medical marijuana dispensaries in those states will have an edge. In Arizona, Proposition 207, the ballot referendum that was passed allowing adult-use marijuana sales, puts existing medical-marijuana dispensaries at the front of the line when applying for adult-use licenses. Adult-use sales could begin as early as March. The state has allowed medical-use marijuana since 2010 and it has 130 dispensaries, including drive-thru dispensaries.
In New Jersey, medical marijuana has also been legal since 2010, but the rollout has been slower. The state has 9 million residents, but there are only 13 medical-use dispensaries in operation.
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These 3 Cannabis Stocks Have a Head Start in Arizona and New Jersey