Cannabist Dispensary Employees In New Jersey Vote Unanimously To Accept First Ever Union Contract
Portfolio Pulse from Vuk Zdinjak
Columbia Care, Inc.’s Cannabist retail location in Deptford, NJ., has voted to ratify its first labor contract with United Food and Commercial Workers (UFCW) union, Local 360. The contract covers dispensary associates and senior dispensary associates, and its guaranteed wage increases are retroactive to March. This is the first U.S. location of Columbia Care to unionize. Other cannabis companies like Acreage Holdings, Curaleaf, and Trulieve have also seen their employees vote to unionize.
July 19, 2023 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Acreage Holdings' The Botanist dispensaries in Egg Harbor and Atlantic City, N.J. have ratified a bargaining agreement with their employer.
The ratification of the bargaining agreement could lead to increased labor costs for Acreage Holdings, but it could also lead to improved employee satisfaction and productivity. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Columbia Care's Cannabist retail location has ratified its first labor contract with UFCW union, marking the first U.S. location of the company to unionize.
The ratification of the labor contract could lead to increased labor costs for Columbia Care, but it could also lead to improved employee satisfaction and productivity. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Employees at Curaleaf’s Edgewater, NJ., dispensary have voted to organize as members of United Food and Commercial Workers.
The decision to unionize could lead to increased labor costs for Curaleaf, but it could also lead to improved employee satisfaction and productivity. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Workers at the Trulieve North Shore medical cannabis dispensary have voted to join Local 1776.
The decision to unionize could lead to increased labor costs for Trulieve, but it could also lead to improved employee satisfaction and productivity. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50