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Big Pot Companies Target Northeastern States: Cannabis Weekly

  • Terrascend, Acreage well-positioned as New Jersey opens up
  • New York may seek to keep suppliers and retailers separate
Inside A Curaleaf Store As Pot Firm Makes Trading Debut
Photographer: Jeenah Moon/Bloomberg

Some of the biggest cannabis companies in the U.S., from Terrascend Corp. to Curaleaf Holdings Inc., are preparing for rapid growth as legal pot sales expand across the populous Northeast.

The region’s states, home to about 56 million people, may be poised to adopt recreational cannabis use in quick succession, since they are loathe to see residents purchase marijuana next door -- and miss out on the potential tax revenue. While cross-state traffic has been muted during the pandemic, that’s not expected to last. Massachusetts, Vermont, Maine and New Jersey have already made the jump, while New York, Pennsylvania, Connecticut and Rhode Island may be next, if the cannabis industry sees its predictions fulfilled.