Curaleaf’s New Jersey Adult-Use Licenses Renewal Denied
LOS ANGELES– Curaleaf Holdings, an international provider of consumer cannabis products, has expressed its disappointment with the decision made by the New Jersey Cannabis Regulatory Commission’s Board (CRC Board) to deny the renewal of its cultivation and retail licenses for adult-use. The CRC Board’s decision overruled the Commission’s own staff recommendation that Curaleaf’s licenses be renewed.
Boris Jordan, the Chairman of Curaleaf, called the decision “unprecedented” and claimed that the CRC Board had wrongly interpreted the applicable regulations. According to Jordan, the Board’s decision was a retaliation against Curaleaf’s need to consolidate production into one local facility, a move that was necessary to remain competitive in the market.
Curaleaf has never been cited for violating any regulations, and the company believes that there is no regulation requiring permission for the staff reduction that it announced. The company is in good standing with the CRC and has fulfilled the requirements necessary for the renewal of its licenses.
Despite the decision, Curaleaf remains open for business and will continue working with the CRC Board and its staff to ensure the renewal of its adult-use licenses, including through any legal means necessary.
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