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January 7, 2019

NJBIZ: Cannabis legalization expected to create robust ancillary market

Lee Vartan was featured in a NJBIZ article titled, "Cannabis legalization expected to create robust ancillary market," which provides a 2019 outlook for New Jersey's burgeoning cannabis sector. 

According to Lee, “2019 is going to be a signature year for New Jersey’s industry, and obviously when you get into 2020 you’re going to see everything explode. But by the end of 2019, you’ll have the makings of a real industry in New Jersey.”

He also predicts the continued development of an ancillary market supporting those dispensing, cultivating and processing cannabis, saying: “It’s not only a matter of working for the ATC, it’s a matter of working for an HVAC company or electrical company or a cleaning company. HVAC is the best example – there are operations in Colorado that are HVAC companies specializing in indoor grow facilities. If you see a lot of licenses issued in 2019, you’ll see an uptick, same with professional work like lawyers and consultants. All of that is part of the growth of the industry.”

To read the full article, please visit NJBIZ's website.


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