Jushi Holdings Inc. (CSE:JUSH, OTCQX:JUSHF), a vertically integrated, multi-state cannabis operator, announced that its wholly-owned subsidiary Campbell Hill Ventures, LLC has been awarded a provisional medical marijuana dispensary license by the Ohio Medical Marijuana Control Program.
The new store will operate under Jushi's retail brand, BEYOND / HELLO, and marks the company's first retail location in the Buckeye State and fifth vertically integrated state after Pennsylvania, Virginia, Massachusetts, and Nevada.
"We look forward to bringing the full Jushi retail experience to Ohio, including our new retail design system, which will provide patients with an efficient, accessible, and safe experience that goes beyond the traditional cannabis retail environment,” Jushi founder, chairman and CEO Jim Cacioppo said in a statement.
READ: Jushi Holdings unveils The Lab-branded solventless cannabis extracts at Pennsylvania stores
Jushi plans to begin construction of the Clermont County store this summer and be operational by the first quarter of 2023.
Home to over 200,000 residents, Clermont County is located 17.5 miles east of Cincinnati on the Ohio River, known for its rich historical roots and local cultural attractions, Jushi noted.
The new dispensary is a five-minute drive from the Cincinnati Nature Center, which brings in over 200,000 visitors annually. Additionally, the new location is a five-minute drive from EastGate Mall and situated close to two major routes, Route 275 and Route 32 as well as several big-box stores along Route 74.
“With this newly awarded retail license, along with our existing state-of-the-art cultivation and processing assets, Jushi is well-positioned to support the rapidly evolving Ohio medical market," Cacioppo said.
Three of Jushi's in-house brands are currently available in the Ohio medical cannabis market, including Seche, a flower line, Tasteology, a brand of premium, real fruit, cannabis-infused gummies, and The Lab, a high-quality vaporization line.
The company expects to launch additional Seche flower product lines, along with its award-winning flower brand, The Bank, in Ohio in the second quarter.
Contact the author at jon.hopkins@proactiveinvestors.com