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Legalization of cannabis for adult use is going to a vote in NJ and some are anticipating the result

According to the Philadelphia Inquirer, polls indicate that a majority of New Jersey voters support the legalization of marijuana for adult use.  Even though the New Jersey legislature failed to pass a law that would have legalized marijuana for adult use (due to a shortage of only a handful of votes), a change in the current law is now being put to voters directly and will be on the November, 2020 ballot in NJ. 

Anticipating that change in the law may have been one reason that New York based Acreage Holdings is buying Compassionate Care Foundation of NJ. 

Acreage Holdings, the politically connected cannabis behemoth, is buying a South Jersey medical marijuana cultivator and retailer. The arrangement will formalize a two-year relationship between the New York-based Acreage and Compassionate Care Foundation (CCF) of Egg Harbor.

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