New Jersey is the tenth state in which iAnthus operates. The site will represent the ninth alternative treatment center in the state, according to the company.
The 33,000 square-foot site will house an extraction lab, kitchen and grow center, with an option to expand the facility to 83,000 square feet.
The cannabis company said it expects to open a 1,300-square-foot dispensary in nearby Atlantic City during the first quarter of 2020.
The dispensary will operate under the brand "Be." Atlantic City sees 24 million visitors annually, the company said.