Jushi Announces Support of Adult-Use Cannabis in Pennsylvania Governor’s Annual Budget Proposal and Address

Rhea-AI Summary

Jushi Holdings Inc. supports Pennsylvania Governor Josh Shapiro's proposal for an adult-use cannabis policy in the state. The CEO, Jim Cacioppo, commends the advocacy for a comprehensive policy and highlights the public's overwhelming support for a regulated adult-use cannabis market. The company looks forward to working with the governor to implement the policy into law.

BOCA RATON, Fla., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, made the following statement regarding the inclusion of an adult-use cannabis policy in Pennsylvania Governor Josh Shapiro’s annual budget proposal and address.

Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi, commented:

With around 450 employees working across the Commonwealth, I am proud to applaud Governor Shapiro’s continued advocacy for a comprehensive policy for cannabis, including legal adult-use sales.

As survey after survey demonstrates, support for legal adult-use cannabis at the local, regional, state, and national level is well over 60%. This number grows even higher when the true choice is between a regulated adult-use cannabis market with tested products, inventory monitoring, and age controls versus the status quo illicit market which has none of these protections. The message is clear that the public wants a legal, regulated adult-use cannabis marketplace.

Since its creation, the Pennsylvania Medical Marijuana Program has benefited from industry partners’ commitment to patients and public safety. Together, we have built a system that has succeeded beyond all expectations and these protections created by the program can now be applied to the adult-use cannabis marketplace. We look forward to working with Governor Shapiro to implement this commonsense policy into law for this budget cycle without further delay.

About Jushi Holdings Inc.

We are a vertically integrated cannabis company led by an industry-leading management team. Jushi is focused on building a multi-state portfolio of branded cannabis assets through opportunistic acquisitions, distressed workouts, and competitive applications. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis ecosystem. For more information, visit jushico.com or our social media channels, Instagram, Facebook, X, and LinkedIn.

For further information, please contact:

Investor Relations
Lisa Forman
Director of Investor Relations
617-767-4419
investors@jushico.com

FAQ

What is the stance of Jushi Holdings Inc. on Pennsylvania Governor Josh Shapiro's proposal for an adult-use cannabis policy?

Jushi Holdings Inc. supports the proposal and looks forward to working with the governor to implement the policy into law.

Who is the CEO of Jushi Holdings Inc. and what is his position on the proposal?

Jim Cacioppo is the CEO of Jushi Holdings Inc. and he commends the advocacy for a comprehensive policy and highlights the public's overwhelming support for a regulated adult-use cannabis market.

What is the public sentiment towards legal adult-use cannabis according to Jushi Holdings Inc.?

Jushi Holdings Inc. highlights that support for legal adult-use cannabis at the local, regional, state, and national level is well over 60% and even higher when the true choice is between a regulated adult-use cannabis market with tested products, inventory monitoring, and age controls versus the status quo illicit market.

How does Jushi Holdings Inc. plan to contribute to the implementation of the adult-use cannabis policy in Pennsylvania?

Jushi Holdings Inc. looks forward to working with Governor Shapiro to implement this commonsense policy into law for this budget cycle without further delay.