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Item 9 Labs Cannabis Franchise Opens First Dispensary, with More than Two Dozen Additional Shops in Development
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Unity Rd Opens First U S Dispensary Franchise in Boulder, Colo
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NEWARK, N.J., April 8, 2021 /PRNewswire/ Item 9 Labs Corp. (OTCQX: INLB), a vertically integrated cannabis company, today announced its dispensary franchise, Unity Rd., has signed agreements with three entrepreneurial groups for expansion into New Jersey. Each team will be pursuing at least one dispensary license to open a Unity Rd. shop in the state.
Ahead of legalization, the $INLB and Unity Rd. teams are guiding the partners through the dispensary license process. The garden state is expected to generate as much as $950 million in annual retail sales by 2024, and is expected to open dispensary license applications as early as late 2021.
Merger & Acquisition Activity In Cannabis Industry Could Reach $2 Billion This Year
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