Voters in Arizona, Montana, New Jersey, South Dakota, and Mississippi approved to relax marijuana laws on Tuesday. Curaleaf CEO Joe Lusardi joins Yahoo Finance’s Zack Guzman to discuss why more states are looking to legalize recreational marijuana and weigh in on the outlook for the cannabis industry.
ZACK GUZMAN: The CEO of Curaleaf, Joe Lusardi, joins us now for more on that. And, Joe, we talked about this last year in the Yahoo Finance Business of Cannabis special. You called New Jersey as the next state to legalize marijuana. Of course, it came on election night. So talk to me about the opportunity there since I know you guys already operate in New Jersey with dispensaries. So what does it look like to us?
JOE LUSARDI: Yeah, couldn’t be more excited about New Jersey. You know, it was a cannabis landslide on Tuesday. 67% of the voters in New Jersey passed adult use, and we’re really set up to create thousands of new jobs, bring hundreds of millions of tax revenue to the state.
Curaleaf is the leading operator in the market. We’re tripling our capacity, which will come online early in Q1. So we expect 2021 to