Big Changes Coming To New Jersey's Cannabis Market And Weed Giants Pay Fines
Portfolio Pulse from Jelena Martinovic
New Jersey's Cannabis Regulatory Commission (NJ-CRC) will start accepting applications for three more marijuana license categories from social equity businesses starting September 27. The commission also approved 93 adult-use licenses and allowed more edibles into the state's cannabis markets. Meanwhile, cannabis operators TerrAscend Corp. and Columbia Care Inc. were fined $100,000 and $50,000 respectively for labor issues.
September 11, 2023 | 2:27 pm
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NEGATIVE IMPACT
Columbia Care Inc. was fined $50,000 for labor issues.
The fine imposed on Columbia Care Inc. for labor issues could negatively impact the company's financials and reputation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TerrAscend Corp. was fined $100,000 for labor issues.
The fine imposed on TerrAscend Corp. for labor issues could negatively impact the company's financials and reputation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100