New Jersey’s legal marijuana industry and its regulators seem to be on a tear to force the authors of economic texts to rewrite the sections about supply and demand.
If you were Adam Smith, Milton Friedman or even Arthur Laffer you’d be hard-pressed to come up with the financial theories for which they’re famous, if, during their research, they had observed only New Jersey’s adult-use, recreational cannabis market.
Despite a sector that is supposedly on track, giant producer/retailer Curaleaf just laid off workers in South Jersey, its second regional downsizing in 2023. The latest hit comes at the company’s production (growing) facility in Winslow Township. The site will remain open, but will cut back inventory so much that Curaleaf says it no longer needs 49 employees. About 150 will continue working at the facility.
H/T: www.nj.com
