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Ayr Wellness Inc. is growing in more ways than one.
After undergoing an expansion, the Miami, Fla.-based multistate operator’s cannabis dispensary in Eatontown recently debuted a bigger and brighter retail space. Along with increased maximum occupancy, from 22 to 162 people, the store nearly tripled its point-of-sale stations to 23 systems.
The Main Street dispensary – which sells both medicinal and adult-use cannabis – stayed open during renovations since it took over an adjoining space as part of the project, a spokesperson said.
It seemed too good to be true.
Lawrence Township Manager Kevin Nerwinski didn't believe the numbers he was seeing. Verano Holdings wanted approval to open up their Zen Leaf medical marijuana dispensary in the town to recreational customers, selling legal weed to anyone over 21 years old. The company expected millions in revenue per month and, with a 2% transfer tax on every sale, a huge windfall for the township.
In the first year or two, Verano told Nerwinski that the township could see as much as $1 million in tax revenue.
New Jersey’s Cannabis Regulatory Commission pushed back a bit on the idea that the industry is not opening up fast enough in New Jersey.
The comments came in response after Curaleaf, the largest distributor in the state, said last week it had to lay off workers at its Winslow production facility because they had enough product to handle what needed to be sold in the state’s 35 retail outlets.
Michael Ruger, Mayor of Hopewell Township, stated: ‘I am excited to hear Stone Hill’s application has been granted by the CRC. We look forward to welcoming this new business to the Township”.
City officials are looking to expand Paterson’s cannabis industry, partly by eliminating a local law that bans retail marijuana stores from operating within 300 feet of homes.
Under the proposed change, the city also would reduce the distance requirement for marijuana stores regarding churches and schools from 300 feet to 200 feet. Moreover, the city would increase the number of retail cannabis licenses in Paterson from three to six.
What comes next?
In an interview with NJ Spotlight News, Atlantic City Mayor Marty Small explains the decision and the future of cannabis in the city.
“Our plan is still to be the East Coast hub when it comes to cannabis,” Small said. “We don’t want to oversaturate the market here in the city … so we’re just taking a little pause to make sure that we roll this thing out right.”
Hopewell – Stone Hill Manufacturing LLC (Stone Hill), a leading innovator in the cannabis industry, is thrilled to announce the successful approval of its Class 1 and Class 2 Annual license applications in New Jersey, solidifying its position as a trailblazer in the rapidly evolving cannabis market.
Following an exhaustive application process, these approvals represent a significant milestone in the company’s strategic growth plan, enabling it to establish a robust presence in the New Jersey market and provide exceptional cannabis products and experiences to consumers.
Plug Naturals, LLC, Cannabis Retailer
In two-hour presentation, representatives presented their site plan for a pot retail store located at 156 W. Front Street. The property is presently a single-family residence located directly across from the Pazzo MMX restaurant.
Several variances were sought including setbacks and onsite parking.
Attorney for the Plug Naturals John Anderson posed questions to architect Michael Simpson in an effort to walk the Board through their proposal using numerous graphics projected on a screen.
This is the borough’s first retail recreation license and second license issued overall. The first license was for a medicinal marijuana operator, Aunt Mary’s Dispensary.
The new recreational cannabis retailer is set to be located at the now closed 25 Burgers location in Flemington at 313 U.S. Route 202.
On June 20, Councilman Keith Vreeland suggested putting a referendum on the ballot in the general election to get residents’ opinions on a cannabis dispensary in town. On July 17, Vreeland moved a resolution with a clear ballot question.
“Shall the Borough of Tuckerton permit recreational cannabis operations and retail distribution within the Borough?” Vreeland read.
Vreeland motioned to adopt the referendum. Councilman Brian Martin voted “yes,” while remaining council members voted “no.” The resolution did not pass.