Curaleaf’s New Jersey Adult-Use Licenses Renewal Temporarily 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.

LATEST: Headline changed to include the qualification that this news event was ”Temporary.” New Jersey’s Cannabis Regulatory Commission has reversed its previous decision and granted the state’s largest cannabis retailer, Curaleaf, the renewal of five annual licenses, allowing it to continue selling recreational cannabis across its New Jersey locations. The emergency meeting, called to address Curaleaf’s application to continue growing and selling recreational marijuana, lasted only seven minutes, and the commission approved the licenses with four votes in favor and one against. The approval comes with conditions, including Curaleaf providing evidence that it is bargaining with union employees in good faith, attesting to its “activities and tactics,” and producing records regarding plans to modify its New Jersey operations. If these requirements are not met by the commission’s next meeting on June 1, penalties may be issued, including fines and revocation of the renewed licenses – Editor.