Maplewood Hears Two Cannabis Applications
The Township Committee has received two retail applications for the sale of Cannabis for Adult Recreational Use. One is for a standard license and the other for a micro business license. Present for this portion of the meeting were Mayor Dean Dafis Deputy Mayor Vic DeLuca, Committeewoman Nancy Adams and Committeeman Frank McGehee.
TerrAscend Corp. TRSSF, 0.75% TER, -0.44% shares rallied 8.3% to close at $5.36 on Thursday after the company said it's encouraged by prospects for adult use cannabis sales in New Jersey, as it released its fourth-quarter results. Cantor Fitzgerald analyst Pablo Zuanic on Thursday reiterated an overweight rating on the stock and set a March 2023 price target of $7.90 a share, compared to his earlier price target of $7.65 a share for December 2022.
There are a few communities currently considering plans. A handful of others already have been adjusting to legal medical grow sites as new neighbors, while a few spots in South Jersey have embraced the job creation that comes with the new business.
It can be a contentious relationship — such as in one Hunterdon County town, which this month reversed course on previous plans and prohibited any cannabis facilities from being set up in the community.
Alexandria votes down marijuana
Phillipsburg Town Council will gather virtually on New Year's Eve to consider a resolution supporting a recreational marijuana license for sales on South Main Street.
The brief agenda for the 7 p.m. meeting includes a resolution "authorizing TerrAscend NJ LLC to operate as both a medical and adult-use cannabis establishment within the Town of Phillipsburg."
TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced the East Coast launch of its premium edibles brand Valhalla Confections. The THC-infused soft lozenges (the “soft lozenges”) are exclusively available at the Company’s two New Jersey Apothecarium dispensaries located in Maplewood and Phillipsburg.
One of the most globally respected cannabis companies on the market, Cookies recently announced new licensing agreements with operator TerrAscend to bring its products to New Jersey. Established by rapper Berner and his cultivation partner Jai in 2008, Cookies offers a collection of over 150 proprietary cannabis varieties and product lines, everything from flower and vapes to CBD and medicinal mushrooms. The brand’s success in its native California has been explosive and revolutionary for the cannabis industry; now it’s time to take the East Coast by storm.
TerrAscend on Friday announced the grand opening of its second medical cannabis dispensary in New Jersey, a 6,500-square-foot facility in Maplewood.
The Apothecarium Maplewood, at 1865 Springfield Ave., officially opened Friday at noon. Its regular 10 a.m.-7 p.m. hours start Tuesday.
"High. Hello. Welcome," says a sign in the dispensary's lobby.
TerrAscend Corp. (“TerrAscend” or “the Company”) (CSE:TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced the grand opening of its second New Jersey medical cannabis dispensary.
As a leader in the North American cannabis market, TerrAscend’s expansion into New Jersey has brought much-needed relief to a thinly stretched and rapidly expanding medical cannabis program. With only 11 other Alternative Treatment Centers (ATC) currently serving over 97,500 medical cannabis patients in New Jersey, TerrAscend’s entrance into the state, with a reputation for quality products and operational integrity, is exactly what the Garden State needs right now.
Denville Town Council members and Mayor Thomas Andes discussed during the council's Feb 16 meeting the issue of odor emanating from TerrAscend, a facility that cultivates medical marijuana in neighboring Boonton Township. Denville residents have been complaining about a foul smell since the facility's establishment in the summer of 2020.
“With the assistance of Senator Tony Bucco, Denville Township was able to have...our third meeting on February 9 with New Jersey Department of Health and New Jersey Department of Environmental Officials,” said Andes.