Acreage teams up with NJ firm to build 100,000-square-foot marijuana facility

Acreage and Compassionate Care have signed a letter of intent to enter into a long-term management contract to assist with future expansion and operations. (File image via Reuters)
Acreage and Compassionate Care have signed a letter of intent to enter into a long-term management contract to assist with future expansion and operations. (File image via Reuters)

Acreage Holdings, who has the former U.S. Speaker of the House John Boehner as one of its advisory board members, has teamed up with a New Jersey medical marijuana dispensary to build 100,000-square-foot cannabis facility.

The growing site will be located in New Jersey Gloucester County, NJ Advance Media reported on Thursday.

Meanwhile, David Knowlton, founder and president of Compassionate Care Foundation, said the dispensary is seeking a permit from the state Health Department to open dispensaries in Atlantic City, Cherry Hill, and Moorestown.

So far, Acreage and Compassionate Care have signed a letter of intent to enter into a long-term management contract to assist with future expansion and operations, according to a joint statement.

“We are excited about this new partnership with a company that understands the vital importance of making medicinal marijuana available to the New Jerseyans who desperately need this option to address their conditions,” Knowlton said.

The Republican Boehner, who resigned from Congress in 2015 after serving as Speaker for four years, was a staunch opponent of marijuana legalization. In 2009, Boehner said he was “unalterably opposed” to legalization.

In April, Boehner said his “thinking on cannabis has evolved” when he announced that he is one of the advisory members for Acreage.

 

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