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The decision by New Jersey’s largest marijuana company to shutter its second growing facility in four months is raising questions about New Jersey’s marijuana supply.
Curaleaf announced last week the company is laying off 49 people and closing its Winslow Township plant, citing an “ample supply” of marijuana to meet the market’s current needs. But marijuana advocates argue that the claims of sufficient cannabis supply are not in line with stubbornly high prices in New Jersey, and that shutting the Winslow facility will create problems for consumers as more small dispensaries open.
“You don’t need an economics degree to understand that you’re not getting a good deal in New Jersey,” said Chris Goldstein, a regional organizer with the National Organization for the Reform of Marijuana Laws. “It doesn’t make any sense for them to be closing the grow and laying off all these employees, just as small businesses get their licenses and could be buying these products.”
New Jersey has some of the most expensive marijuana in the country. An eighth ounce of recreational marijuana at Curaleaf stores in New Jersey costs up to $60. That compares to $40 on the underground market. And in other states seeing a massive oversupply of marijuana, like Oregon, Curaleaf sells eighths for as low as $10.
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