The Jersey City City Council is on the path toward adopting a local law that would cap the number of marijuana dispensaries in the city at 55.
The number 55 was derived from the number of applications for dispensaries that have been submitted. The number is not set in stone and open for additional discussion, Business Administrator John Metro said during the October meeting when the ordinance was introduced.
The global lockdown is causing immense chaos and panic buying, as the population tries to prepare itself for the quarantine. To cope up with the new restrictions, necessities such as food and toilet paper are the first to be stocked up by the population.
However Californians have recognized another “essential”– cannabis. While the local officials are shutting down the non- essential businesses, huge cannabis sales have been recorded in California and other states, by the dispensaries and delivery services.
New Jersey: 24 dispensary licenses face legal challenges.
- 2019 dispensary sales: $95 million-$120 million (MJBizDaily estimate).
- State of the market: New Jersey has only seven dispensaries serving 60,000 patients.
- What’s happening: Expanding the state’s medical marijuana market was Plan B after an effort to legalize adult-use cannabis stalled last year. But 24 additional dispensary licenses are being held up because of court challenges.
- Potential business impact: Market growth will be constrained until new dispensaries come online.
Jushi Holdings Inc., the Florida-based cannabis company that bought out Beyond/Hello’s four Pennsylvania permits in July, announced today that it was acquiring the majority interest in Agape Total Health Care Inc.
Agape, of Lehigh County, won a permit from the Department of Health in December to operate three dispensaries in the Keystone State. Agape has plans to open medical marijuana outlets in Center City Philadelphia, Reading, and Pottsville. Jushi will continue with that plan.
The New Jersey Department of Health is seeking new applicants to operate up to 24 additional Alternative Treatment Centers (ATCs): Up to 8 in the northern region of the state, up to 8 in the central region, up to 7 in the southern region, and up to 1 “at-large” to be determined during the award process. Three types of permits/endorsements will be available for ATCs: cultivation, dispensing and vertically integrated permits. In total, the Department will seek up to 5 cultivation endorsements, up to 15 dispensary endorsements, and up to 4 vertically integrated permits.
The site would be on Lakeside Blvd. in the building just vacated by Rays Foods. Which once held a Pharmacy called Westshore 30-years ago, and would mean automatic approval for a Medical Marijuana according to Mayor Francis and Attorney William Haggerty, ESQ.
Attorney William Haggerty confirmed from the census of the Board that this would be a permitted use within a B2 zone. Site plan analysis, including parking and signage, would be required.
The Federal Bureau of Investigation (FBI) is actively seeking tips on public corruption related to the marijuana industry, it announced on Thursday.
NEW JERSEY: Hot on the heels of Governor Phil Murphy’s May 2019 announcement that his administration would be moving forward with expansion of New Jersey’s Medicinal Marijuana Program (the “MMP”), the Department of Health (the “DOH”) published a new Request for Applications (the “RFA”) for new alternative treatment center (“ATC”) permits and endorsements on July 1, 2019.
Chemistree Technology Inc (CSE:CHM) (OTCMKTS:CHMJF) announced Monday that through a wholly owned US subsidiary, it has finalized its investment in Applied Cannabis Sciences (ACS) of New Jersey.
The completion of the investment comes as ACS, Chemistree's new partner, gears up to submit applications for licenses under the state’s new marijuana plan.
New Jersey recently announced a plan to offer up to 24 new permits, consisting of 15 dispensary permits, five cultivation permits, and four vertically integrated permits. All applications have to be submitted by August 22.
On Monday, New Jersey’s Department of Health announced plans to accept applications for individuals and entities interested in opening operational and cultivation facilities. The agency said that it is seeking applicants to operate as many as 24 Alternative Treatment Centers, with the aim to place eight in the northern part of the state, eight in the central region and seven in the south. An additional facility will be placed in a yet-to-be-determined region, the department said.