June 20, 2024

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GTI opens state’s second Rise medical cannabis dispensary in Paramus

2 min read

Green Thumb Industries Inc. opened his second Rise Pharmacy in New Jersey in Paramus on March 16.

The first location in Paterson opened in December 2019. It was the first 2018 application request winner to open a retail location. GTI operated a total of 54 pharmacies across the country.

“We are honored to open Rise Paramus, which will benefit thousands of registered medical cannabis patients in Bergen County with its geographic proximity and the high quality products that Rise ™ is known for,” said Ben Kovler, Founder and Chief Executive Officer from Green Thumb in a prepared statement.

Profits from the first day of sale will be donated to the Paramus Children’s Health Foundation.

Marty Diamond, president of the Paramus Children’s Health Foundation, said he was “pleased to recognize the generosity of Rise Paramus” and that “children’s health remains a critical issue during the pandemic and these funds are being used to address the problem. ” medical costs of our target group. “

In addition to the first location in New Jersey, GTI’s manufacturing facility is located in Paterson, where branded products such as Rythm, a line of premium flowers and vapes, are manufactured and sold.

There are currently more than 104,000 New Jersey residents enrolled in the state medical cannabis program. This is the second pharmacy to open in New Jersey since Governor Murphy signed law to create a marketplace for adult use. According to the industry source Marijuana Business Daily, annual retail sales of $ 850 to 950 million are expected by 2024.

Rise Paramus is located at 145 Route 4 West in Paramus and is open Monday through Friday from 10 a.m. to 7 p.m. and Saturdays from 10 a.m. to 5 p.m. Online reservations and collection in store.