Jushi Holdings Inc. (CSE:JUSH, OTCQX:JUSHF) has said it is opening a new medical cannabis dispensary in Alexandria, Virginia, its third in the state and its 34th retail location nationwide.
The Beyond Hello Alexandria store will begin serving medical cannabis patients and registered agents on Wednesday, July 27, 2022, the vertically integrated, multi-state cannabis operator said.
"We're thrilled to open up our new dispensary in Alexandria - a town famous for its nationally recognized landmarks, rich history, vibrant arts, pristine waterfront and charming restaurants and boutiques," said Jim Cacioppo, CEO, chairman and founder of Jushi Holdings in a statement.
"Beyond Hello Alexandria captures the best of our thinking and combines our digital and physical retail experiences with the flexibility and convenience of our express checkout services," he added.
READ: Jushi Holdings says CFO Ed Kremer resigns; president Jon Barack named interim CFO
Located at 5902 Richmond Hwy. (Rt. 1) and directly off the Capital Beltway (I-495), the new 9,600 square-foot store features 14 traditional and nine express patient checkouts and over 50 parking spots with easy in-and-out access to improve patient accessibility, Jushi said.
The store is "conveniently located within a 15-minute drive to approximately 400,000 people", noted Cacioppo.
Jushi said it designed the Alexandria store to serve a growing patient population while offering convenient transaction processing through the company's online reservation platform - beyond-hello.com.
"In the coming months, we look forward to furthering our mission to improve patient access to top-quality medical cannabis products in Northern Virginia,” said Cacioppo.
“As previously reported, we are on track to open our much-anticipated Fairfax and Arlington locations by the end of the year. These two new locations, along with our dispensaries in Manassas, Sterling and Alexandria, position us to safely and securely meet growing demand while supporting the company's long-term growth," he added.
Beyond Hello Alexandria will provide patients with an efficient, accessible, and safe experience that goes beyond the traditional cannabis dispensing environment. A licensed pharmacist, along with experienced, well-trained staff, will be on-site to dispense products, answer questions and provide service to patients and caregivers.
The new store will offer dry leaf, concentrates, cartridges, tinctures, topicals, edibles, capsules, pills and various ancillary products such as approved batteries and devices, including The Lab, The Bank, Seche and Tasteology.
With effect from July 1, 2022, patients are no longer required to register with the Virginia Board of Pharmacy, and can now visit a registered practitioner, receive a written certification to participate in Virginia's medical cannabis program and immediately visit a licensed dispensary to purchase a medical cannabis product in much the same way patients fill conventional prescriptions.
Jushi said that since the patient registration process requirement has been removed, it has seen a 2.3 times increase in patient sign-ups in the first three weeks of July as compared to the entire month of June.
Jushi is focused on building a multi-state portfolio of branded cannabis assets in the US through opportunistic acquisitions, distressed workouts and competitive applications.
Contact the author at jon.hopkins@proactiveinvestors.com