Last month, at a Mayor and Council meeting, a 2% tax on recreational cannabis sales within the borough was passed. This means the council anticipates recreational dispensaries are on the way to Roselle Park, and more importantly, that the borough can monetize the blossoming cannabis market.
“[It] is meaningful revenue for a small town like us,” Signorello III said of the 2% tax. “We will put that back into whatever – paying for cops, paying for streetlights – whatever you can think of we will put back into the operational budget.”
Roselle Park has already forayed into the cannabis business with the opening of “Breakwater”, a medical marijuana dispensary, last September. Breakwater has been rapidly expanding since opening their flagship dispensary in Cranbury in 2015, including an additional proposed dispensary in Asbury Park, which is emblematic of the booming marijuana market in the state.