- Zen Leaf Neptune is the Company’s first new retail storefront to open in New Jersey since the signing of adult-use cannabis reform bills by the Governor, second overall in the state
- Verano has one additional Zen Leaf dispensary location in development, which it plans to open Q2 2021
- Verano is actively expanding its state-of-the-art 120,000 sq. ft. cultivation facility in Readington NJ
CHICAGO, April 16, 2021 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE:VRNO) (OTCQX: VRNOF) (“Verano” or “the Company”), a leading multi-state cannabis company, today announced the opening of Zen Leaf Neptune, the Company’s second of three planned dispensaries in New Jersey, the maximum allowable number. The storefront is located at 2100 NJ-66 in Neptune Township, about two miles from the shore and popular landmarks such as the Asbury Park Boardwalk.
“New Jersey’s expansion into adult-use is a significant milestone within a core market of ours, and presents exciting growth potential for Verano,” said George Archos, Verano Co-Founder and CEO. “We have prepared for this eventuality and established vertical integration, which enables us to scale operations in the state efficiently and profitably. At the same time, we’re pleased to continue expanding the Zen Leaf dispensary brand and an elevated cannabis shopping experience in New Jersey and specifically for the Monmouth County patient community.”
The storefront is primely located in a busy retail corridor, just a couple of miles from the boardwalk and beach. Business hours are 10:00am – 7:00pm, Monday through Saturday and 10:00am – 5:00pm on Sunday. Online orders can be placed via www.zenleafdispensaries.com for same-day, in-store pickup.
On February 22, 2021, New Jersey Governor Phil Murphy signed adult-use cannabis reform bills into law, which legalizes and regulates cannabis use and possession for adults 21 and over (A21 – “The New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act”). Medical cannabis has been legal in New Jersey since 2010. With a population of roughly nine million, New Jersey is the eleventh most populous state in the U.S.
Verano Holdings Corp. is a leading, vertically-integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands: Verano, Avexia, Encore, and MÜV™. The company’s portfolio encompasses 14 U.S. States, with active operations in 11, which includes nine production facilities comprising approximately 770,000 square feet of cultivation. Verano designs, builds, and operates dispensaries under retail brands Zen Leaf™ and MÜV™, delivering a superior cannabis shopping experience in both medical and adult-use markets. Learn more at www.verano.com