The borough’s planning board approved its first cannabis company by a 7-1 vote Monday night, which will allow a warehouse and nursery to operate, but no retail store.
The business, a warehouse to cultivate cannabis, is a partnership with Susan Duckworth of Rumson and Alexander Federico, the director of operations at Full Spectrum Biotech in California.
According to Federico, the warehouse will not be a marijuana dispensary, but facilitate bulk wholesale where manufacturers or dispensaries would then modify the plant and sell it to customers.
“You won’t see us in the dispensary stores, you won’t see our business anywhere in the retail sector,” he said. “We’ll be the brand behind the brand.”