A year after Gov. Phil Murphy signed legislation legalizing recreational marijuana use for adults in NJ, businesses looking to enter the market are still waiting to find out when they can begin selling the drug.
February 22 is the self-imposed state deadline to open adult-use recreational marijuana sales. But cannabis industry insiders say, like other deadlines, it won't be met.
“I think that the CRC (New Jersey Cannabis Regulatory Commission) are working diligently to open the adult-use market. I don’t know how far off it will be, but it seems like that deadline won’t be made at this point,” said Shaya Brodchandel, President of New Jersey Cannabis Trade Association (NJCTA) and CEO of the Harmony Dispensary.
Moroni joined Harmony in April as its chief administrative officer. He already had a seat on the company’s Board of Trustees.
In August, he learned that Brodchandel had refused to let outside auditors count about $1 million in cash stored in a safe at Harmony’s headquarters, according to the claim.
Terrapin, who became one of the country’s first licensed medical marijuana providers in 2009, has aligned with several groups as part of an effort to give back to the local community. They include Jersey City-based WomenRising, Hudson Pride Center, and Project Help, an organization dedicated to serving homeless veterans.
Dozens of business owners hoping to sell medical marijuana in New Jersey say they’re fed up. After they applied for licenses to sell in 2019, the state’s Cannabis Regulatory Commission has yet to give them approval.
The commission held a public meeting Tuesday night where they approved another grow site for Harmony Foundation, a medical marijuana dispensary, which already operates a facility in Secaucus.
Despite the opposition, the commission did approve a second marijuana cultivation site in Lafayette for Harmony Foundation of New Jersey, which currently grows and dispenses medical cannabis in Secaucus. The company also has planned to open two additional dispensaries in Hoboken and Jersey City, which could draw customers from New York.
“I think that the information that we heard was very positive,” said Shaya Brodchandel, president of the New Jersey Cannabis Trade Association. “Providing access and the equity part of it was all on point for us.”
Brodchandel is also CEO of Harmony Foundation of New Jersey, a medical marijuana dispensary in Seacaucus. With the new rules in place, he will be able to expand into the adult recreational marketplace. However, he will still need to maintain inventory for the patients his company serves with its medical license.
While recreational marijuana sales remain in legal limbo throughout the Garden State, New Jersey’s second-largest city has given the green light to what will be their initial medicinal pot dispensary.
Jersey Digs broke the news back in April regarding what would be Jersey City’s trailblazing medical cannabis dispensary. Secaucus-based Harmony Foundation submitted an application to revamp a two-story industrial building at 227 Coles Street previously utilized by Moishe’s Moving.
A medical marijuana company based in Secaucus has begun site work on its new growing and processing facility in Lafayette more than a year after township officials approved the plan.
Harmony Foundation of New Jersey CEO Shaya Brodchandel said the company started work in January on the Route 94 property. In recent weeks work began on the former site of the Schering-Plough complex and signs appeared near the front entrance as evidence of activity.
Harmony received unanimous support from board members to open a dispensary and revealed that the New Jersey Department of Health has issued preliminary approval to proceed with its Hoboken location. Hoboken’s planning board and Historic Preservation Committee have already granted Harmony final approval.