The state Department of Health has issued permits for three companies to begin growing medical marijuana and eventually opening dispensaries.
The permits were awarded to Verano, which plans to turn a vacant Walmart on Route 22 in Readington into a medical marijuana production facility; MPX NJ in Pleasantville and Columbia Care NJ in Vineland.
After their products are tested by the state and their dispensaries are ready to be operational, a second permit will be issued to operate an alternative treatment center.
Verano in Readington, MPX New Jersey in Pleasantville, and Columbia Care New Jersey in Vineland were granted medical cannabis cultivation permits, the New Jersey Department of Health announced Tuesday.
This marks the permitting of five of the “new six” medical cannabis businesses awarded licenses by New Jersey in December 2018. There has been movement in this space multiple times in the last two months.
With Green Township continuing to weigh the future of an ordinance allowing medical marijuana cultivation in the township, the state announced Tuesday the granting of medical marijuana growing permits to three more companies.
Three medical marijuana dispensaries in New Jersey moved closer to opening their doors.
Regulators awarded permits to grow medical marijuana to three more companies, the state health department said Tuesday:
- Columbia Care NJ.
- MPX NJ.
The cultivation licensing round advances a process that began more than a year ago in an effort to stimulate the state’s MMJ industry.
The Company's first medical dispensary in New Jersey is expected to open in Atlantic City in the first quarter of 2020. The 1,300-square-foot facility, located just off the boardwalk on S. New York Avenue, will open as a Be. retail store and will service Atlantic City's estimated 24 million annual visitors. The Company is slated to open a larger Be. flagship facility in the same location pending adult use legalization. The locations of the Company's additional future dispensary sites in New Jersey have yet to be determined.
The New Jersey Department of Health this week issued permits to three additional companies to begin growing medical marijuana. This brings the total number of cultivation permits issued as part of the Medical Marijuana Program (MMP)'s awards in December 2018 to five.
These permits were issued after comprehensive reviews including several site inspections, background checks of corporate officers and reviews of security operations and cultivation facilities.
iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States, is pleased to announce it has received approval to commence operations at its Pleasantville, NJ cultivation campus. MPX New Jersey, an affiliate of iAnthus, is the ninth Alternative Treatment Center (ATC) in the state to receive a cultivation permit. This marks the tenth state in iAnthus’ operational footprint.
James DiNatale and George Irwin have each tried to land a license from the state to develop a medical marijuana dispensary.
DiNatale did not receive one as part of his partnership he started called Superior Grow Lab that was looking to grow medical marijuana in the city.
Irwin is waiting to hear whether he will receive one of the new 24 licenses the state will hand out.
In the meantime, each man separately is committed to trying to help the South Jersey economy through the medical marijuana business.
As of August 2019, there were more than 60 local ordinances banning either all marijuana sales and growth, or just recreational forms of the drug.
For many, the issue has been a polarizing one.
In Somerset County, a proposed ordinance in North Plainfield to ban recreational and medical marijuana retail stores and facilities was tabled at a Dec. 2018 meeting, according to the clerk's office.
Business owners who had hoped last year to be one of the few authorized for growing, selling and delivering medicinal cannabis are biding their time as state lawmakers debate how to proceed.
“We’re still hoping to be licensed,” said Dr. Ira Trocki, chief operating officer of Relevant 1 LLC. Trocki and his business partner, Dr. Jon Regis, formed their medicinal cannabis company before the state Department of Health’s first round of open applications for new alternative therapy centers in July 2018.