Early indications look promising, with multiple potential cannabis businesses seeking state licenses to open in the city and more on the way. About $35 million in new investment is expected as part of two large-scale cannabis businesses in town, and MPX NJ, which became the city’s first business open to the recreational cannabis market on New York Avenue on April 20, is building a new and bigger structure right behind the current location.
There have been multiple other proposals to seek, and receive, planning approval for cannabis businesses, and two more are on the agenda for the Tuesday meeting of the Casino Reinvestment Development Authority: Honeybuzz Farms for a micro-dispensary at 1724 Atlantic Ave. and Everest Dispensary, seeking the OK to sell weed to the adult use market at 1226 Atlantic Ave.
Last year, the city approved a “green zone” that includes much of the commercial area of town, where cannabis businesses are an approved use. The plan is to encourage the businesses, and the potential for jobs and money coming to the city.