Columbia Care opened its first Garden State dispensary on June 11 in Vineland, bringing the total number of New Jersey dispensaries to 11. The company plans to harvest its first cannabis crop in July at its 50,000-square-foot cultivation facility nearby.
Expansion is built into the Columbia Cares business plan in New Jersey.
“We intend to overbuild in our manufacturing and cultivation and use a similar model for dispensaries that we’ve used in other legal markets such as Massachusetts,” said Nicholas Vita, founder and CEO of Columbia Care. “Once we’re fully built out there I estimate we’ll have invested more than $10 million.”
Read more at The Philadelphia Inquirer.