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April 12, 2022, 9:29 a.m. EDT

New Jersey takes step toward adult use cannabis sales

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By Steve Gelsi

New Jersey'a Cannabis Regulatory Commission on Monday OK'd applications from seven cannabis companies to sell cannabis to adults over 21, pending operational inspections and issuance of new licenses. Acreage Holdings /zigman2/quotes/221335077/composite ACRHF +4.87% , Ascend Wellness Holdings Inc. /zigman2/quotes/226701495/composite AAWH -7.82% , Columbia Care Inc. /zigman2/quotes/212177085/composite CCHWF -11.49% , Curaleaf /zigman2/quotes/205334348/composite CURLF -7.14% , Green Thumb Industries /zigman2/quotes/200716694/composite GTBIF -6.20% , Verano Holdings Corp. /zigman2/quotes/224743992/composite VRNOF -1.97% and TerrAscend Corp. /zigman2/quotes/209651870/composite TRSSF -10.07% will be allowed to operate a combined 13 adult use dispensaries. The state is also processing applications for other adult use players but will allow these companies to start selling sooner. The AdvisorShares Pure Cannabis ETF /zigman2/quotes/220307682/composite MSOS -6.18% is down 25% so far this year.

/zigman2/quotes/221335077/composite
US : U.S.: OTC
$ 0.55
+0.03 +4.87%
Volume: 101,797
Sept. 23, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$43.28 million
Rev. per Employee
$205,944
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/zigman2/quotes/226701495/composite
US : U.S.: OTC
$ 1.65
-0.14 -7.82%
Volume: 147,367
Sept. 23, 2022 3:51p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$309.37 million
Rev. per Employee
N/A
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/zigman2/quotes/212177085/composite
US : U.S.: OTC
$ 1.31
-0.17 -11.49%
Volume: 370,231
Sept. 23, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$506.28 million
Rev. per Employee
N/A
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/zigman2/quotes/205334348/composite
US : U.S.: OTC
$ 5.20
-0.40 -7.14%
Volume: 499,325
Sept. 23, 2022 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.71 billion
Rev. per Employee
N/A
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/zigman2/quotes/200716694/composite
US : U.S.: OTC
$ 9.99
-0.66 -6.20%
Volume: 390,563
Sept. 23, 2022 3:59p
P/E Ratio
24.41
Dividend Yield
N/A
Market Cap
$2.38 billion
Rev. per Employee
N/A
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/zigman2/quotes/224743992/composite
US : U.S.: OTC
$ 4.98
-0.10 -1.97%
Volume: 454,644
Sept. 23, 2022 3:59p
P/E Ratio
13.08
Dividend Yield
N/A
Market Cap
$1.66 billion
Rev. per Employee
$217,116
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/zigman2/quotes/209651870/composite
US : U.S.: OTC
$ 1.34
-0.15 -10.07%
Volume: 763,504
Sept. 23, 2022 3:59p
P/E Ratio
8.12
Dividend Yield
N/A
Market Cap
$402.26 million
Rev. per Employee
N/A
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/zigman2/quotes/220307682/composite
US : U.S.: NYSE Arca
$ 9.42
-0.62 -6.18%
Volume: 1.81M
Sept. 23, 2022 4:00p
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