People strolling along Atlantic City's boardwalk can now see something that's never been there before -- a marijuana dispensary. Acreage Holdings (OTC: ACRGF) announced on Tuesday it has opened The Botanist by Compassionate Care Foundation, the New Jersey municipality's first retail cannabis store. The dispensary actually opened for business on Saturday in a ceremony that was attended by local dignitaries. As per New Jersey law, it can only sell medical marijuana to qualified patients; recreational cannabis is still outlawed in the state. Image source: Getty Images The Botanist is an upscale dispensary and product brand, and the Atlantic City branch is designed to be reminiscent of an old-fashioned botanist's laboratory. It features a green foliage wall, a "Seed Bar" where consumers can get educated about marijuana and the various options available, and a private consultation room. Acreage operates the store in partnership with a local nonprofit organization, the Compassionate Care Foundation (CCF) -- hence its rather long-winded name. Last year, the two entities agreed that CCF would become an Acreage subsidiary; that deal is still pending final regulatory approval. The opening of The Botanist by Compassionate Care Foundation brings the number of operational dispensaries Acreage either manages, consults or provides other services for, to 31 across 12 states. Of those, 13 carry The Botanist brand name in some form. Acreage will be acquired by peer marijuana company Canopy Growth (NYSE: CGC) if and when marijuana is legalized in the U.S. at the federal level. Canopy Growth agreed to pay $3.4 billion for Acreage in April 2019. On Tuesday afternoon, shares of both Acreage and Canopy Growth were down, the former by 2% and the latter by slightly more than 3%. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source