Taunton Daily Gazette: Taunton could soon have its first recreational pot store
“The company that since late last year has been growing and selling medical marijuana on Mozzone Boulevard is one step closer to selling recreational cannabis.
The Taunton City Council voted 8-to-1 Tuesday night to grant a special permit to Commonwealth Alternative Care Inc. to utilize its building at 30A and 30B Mozzone Boulevard for the retail, growth, research and transportation of recreational marijuana…”
Business Wire: TILT Announces Capacity Expansion Approval for Commonwealth Alternative Care
“CAMBRIDGE, Mass.--(BUSINESS WIRE)--TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: SVVTF), a leading provider of products and services to businesses operating in the cannabis industry, today announced that on Tuesday, April 2nd, the City Council of Taunton, Massachusetts voted 8-1 to grant a special permit to operate an adult-use cannabis manufacturing facility to Commonwealth Alternative Care (“CAC”), an indirect wholly owned subsidiary of TILT.
The permit allows a 19,602 square foot adult-use manufacturing facility at 16 Mozzone Boulevard, adjacent to TILT’s existing world-class cultivation, processing and dispensary facility at 30 Mozzone Boulevard, and will significantly enhance the Company’s capacity to produce high-quality infused cannabis products at scale. The facility expansion will also enable the implementation of high-end automated manufacturing and packaging equipment, further allowing TILT to deliver end-to-end services and customer solutions to cannabis businesses…”
Business Wire: TILT Holdings Announces Host Community Payment to City of Taunton for Commonwealth Alternative Care
“Commonwealth Alternative Care is a welcome addition to Taunton and its residents,” said Taunton Mayor Tom Hoye. “CAC is bringing new, well-paying jobs to the area, as well as high-quality products to the citizens of Massachusetts. We appreciate this initial Host Community Payment to further support Taunton’s essential city services, and we look forward to our continued positive relationship.”
“We are delighted to serve the people of Massachusetts and are very pleased with our productive relationship with Mayor Hoye and the city of Taunton,” said Alex Coleman, Chairman and CEO of TILT. “We are committed to supporting the local communities in which we operate and are excited about our ongoing partnership as we expand our operations in Taunton and throughout the Commonwealth.”
The Street: Real Money Goes Behind the Scenes of the Budding Cannabis Industry
“Many investors are setting their eyes on some green in 2019. In this case, that includes the cannabis industry.
Companies such as Tilray, Inc. (TLRY) , Canopy Growth Corp. (CGC) , and Cronos Group Inc. (CRON) have exploded to become some of the most popularly traded stocks on the market. And this has only sped up as the cover on the jar of the American market begins to be pried off.
That being the case, I hopped in my car and set out to Taunton, a small city just southeast of Boston, to do my due diligence and find out more about the ground floor of the newest investment craze.
Pulling off of the highway and past a strip mall, I came upon a nondescript warehouse building emblazoned with a façade reading, Commonwealth Alternative Care.”
ABC 6 WLNE-TV: Taunton medical marijuana dispensary aims to get its recreational license
CAC is just one of three stores in Massachusetts under the multi-national cannabis company, TILT. The other locations will be in Brockton and Cambridge.
"If you look at the numbers coming out of places like Colorado and California, the transition from medical to recreational, you tend to see a 10-15 percent increase in demand when you make it accessible to anybody 21 and older," said TILT CEO Alex Coleman.
If all goes well, Coleman said CAC will have their license to sell recreational marijuana by January. To meet the high demand, they're expecting to fill 225 jobs at the Taunton facility.
"For any municipality that's accepting of cannabis companies, it means jobs, it means tax revenue."
Marijuana isn't only sold at CAC to medical marijuana users, it's also grown there. The facility, that started selling in July, has nearly 20,000 plants in its cultivation processing manufacturing center.