Unionization Efforts In Cannabis Continue: Workers At New Jersey Cultivation Site Join UFCW Local 152
Portfolio Pulse from Nina Zdinjak
Workers at a New Jersey cannabis cultivation site of the Cannabist Company (OTCQX:CBSTF), previously Columbia Care, have voted to join United Food and Commercial Workers Local 152. The union will represent the workers and help them seek wage increases and improvements to their working environment. This follows a similar successful unionization at Acreage Holdings’ The Botanist (OTCQX:ACRHF) dispensaries earlier this year.
October 10, 2023 | 2:56 pm
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Acreage Holdings’ The Botanist dispensaries had a successful unionization earlier this year, which could have led to increased labor costs.
The successful unionization at Acreage Holdings’ The Botanist dispensaries earlier this year could have led to increased labor costs due to potential wage increases and improvements in working conditions. This could have negatively impacted the company's short-term profitability.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Cannabist Company's workers in New Jersey have joined UFCW Local 152, which could lead to wage increases and improved working conditions.
The unionization of workers could lead to increased labor costs for the Cannabist Company due to potential wage increases and improvements in working conditions. This could negatively impact the company's short-term profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100