AN IN-DEPTH LOOK AT NJ’s 1ST ADULT USE ONLY CANNABIS CULTIVATOR - BANGO ELYON
It is a significant issue in the New Jersey cannabis market. Few cultivators are operating, while there are about 80 dispensaries licensed to operate in the adult use market. The lack of cultivators due to costs and town issues makes the price of legal adult use cannabis too high while the quality is often poor.
Elyon and Feelz cannabis brands by Bango Distribution are the first exclusively adult use cultivator flower available in the New Jersey market. Elyon cannabis is their most potent brand. In Hebrew, Elyon means most high and is used to describe God.
Building Bango NJ
Matthew Ferraro is the President of Bango Distribution [and his] brother Ron is the CEO. In 2014, the Ferraro brothers launched in California in the Emerald Triangle in the medical cannabis industry. They later transitioned to the adult use cannabis market.
“Me and my brother are just kind of a bootstrapped company. It’s a family-run business. We are the largest cannabis company in California that hasn’t received funding. We made it happen with our capital,” he explained.
Ferraro said they have been battling larger companies that raised more money.
“We’re always going to be 30 percent cheaper than any cannabis farm around because we don’t have any investors,” he argued.
Cannabis has been a passion of his.
Growing Bango Elyon and Feelz Cannabis Flower
“I’m so happy we chose New Jersey and not New York,” Ferraro explained. “I never realized how big the state is. It’s just like town after town after town.”
Ferraro said they found their New Jersey cannabis cultivation facility three years ago. The landlords liked them since they were also two Italian guys from New York. He noted they were ready to plant once they won their official New Jersey cannabis cultivation license in December 2022.
“We planted right away,” Ferraro noted.
He said their cannabis is soil-grown and sun-grown in a light-assisted greenhouse. Growing in a greenhouse versus a warehouse reduces the cost and, thus, the shelf price. Ferraro noted the greenhouses are climate-controlled.
‘We’re really putting the extra effort in. We’re like hand selecting everything that goes into a bag,” Ferraro explained.
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