New Jersey Cannabis Most Expensive In The Nation: State Senator Has A Solution For Medicinal Users
Portfolio Pulse from Rolando García
New Jersey's cannabis market has seen rapid growth, but it remains one of the most expensive in the U.S. State Senator Troy Singleton has proposed solutions to alleviate financial burdens on medicinal users, including price caps and home cultivation. Ascend Wellness (OTC:AAWH) is highlighted as an example of high pricing.
June 06, 2024 | 7:57 pm
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Ascend Wellness (OTC:AAWH) is cited for high cannabis prices in New Jersey, with an eighth costing $65 compared to $15 in Pennsylvania. Proposed price caps could pressure the company to lower prices.
Ascend Wellness is directly mentioned as an example of high pricing in New Jersey's cannabis market. Proposed price caps could negatively impact their revenue by forcing them to lower prices.
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