Curaleaf (CSE: CURA / OTCQX: CURLF) announced Monday that the New Jersey Cannabis Regulatory Commission (CRC) board reversed an earlier ruling and voted to approve Curaleaf’s adult use cannabis licenses.
The CRC board’s decision came after first voting to vacate an April 13 decision that denied New York, NY-based Curaleaf’s adult-use license renewals, the company said in a statement.
“Today’s decision by the CRC board to vacate their unprecedented action last week is an incredible victory for our 500 New Jersey team members and vindication for what we knew all along: Curaleaf is in good standing with the CRC and has fulfilled every requirement necessary for the renewal of our licenses,” Curaleaf CEO Matt Darin said.
In previously voting not to renew Curaleaf’s adult use licenses, the CRC board reportedly disregarded the commission’s staff recommendation to renew Curaleaf’s adult use licenses, according to Curaleaf. The market-leading multi-state operator (MSO) also had no pending license violations in New Jersey, per Curaleaf.
However, as part of the approval, Curaleaf must provide New Jersey’s cannabis commission with additional information regarding its labor practices and confirm its ongoing compliance with New Jersey law.
“This decision by the board is a victory for Curaleaf, a company that has proudly generated tens of millions of tax dollars for the state, invested upwards of $75 million more to support its cannabis industry, and supplied cannabis products to nearly all of New Jersey’s licensed dispensaries, including social equity license holders,” Curaleaf chairman Boris Jordan said.Advertisement
“Curaleaf remains open for business and will continue working collaboratively with the CRC board and its staff to ensure our good standing in the State of New Jersey.”
Cannaconvo with Peter Su of Green Check Verified
Cannabis Last Week with Jon Purow interviews Peter Su of Green Check Verified. Peter Su is a Senior Vice President with Green Check Verified, the top cannabis banking compliance software/consultancy in the space. A 20+ year veteran of the banking industry, Peter serves on the Banking & Financial Services committee of the National Cannabis Industry Association. He chairs the Banking and Financial Services Committee for the NYCCIA & HVCIA. He is an official member of the Rolling Stone Cannabis Culture Council. And, he is on the board of the Asian Cannabis Roundtable, serving as treasurer.
The Global Cannabis Times Interview with Raj Grover, Part 2
The Global Cannabis Times Interview with Raj Grover, Part 1
Japan Legalizes Medical Cannabis Products, Tightens Drug Laws
MJBizCon Speakers Focus on the Challenges, Provide a Glimmer of Hope
Germany Sets 2024 for Cannabis Legalization, Eases Regulations
How Do Cannabis Pros Balance Work and Life?
Leadership, Empathy, and a Noble Cause
The Global Cannabis Times Interview with Kristi Palmer, Kiva Confections Co-Founder
Investment in the European Cannabis Industry with William Muecke & Daniel Grözinger
The first cannabis flower prescription on the NHS with Mike Roberts