Editor’s note: New Jersey hemp from the inside She is hosting an in-person event for business networking on July 14 at The Asbury in Asbury Park. Tickets are limited.
Two more adult weed stores may open in Fort Lee and Bordentown soon, bringing the number to 21 approved locations in New Jersey.
Representatives for Ascend and Curaleaf, two alternative therapy centers that currently sell recreational herbs for adults in two stores each, confirmed to NJ Advance Media that they are working on approvals for their third space store.
Ascend, which began selling adult weed in Rochelle Park on April 21 as part of a statewide launch and is also currently working towards obtaining a license to sell it in Montclair Township, hopes to open the Fort Lee facility soon.
In an earnings conference call on Tuesday, July 5, Ascend CEO Abner Curtin said the company hopes to open the Fort Lee dispensary for adult weed sales in the former Staples as its flagship Ascend store, near the George Washington Bridge.
“We’re working on getting this site ready,” Curtin said on the conference call.
If local zoning and other approvals are obtained this month or next, the expansion of the Fort Lee dispensary for sales of adult weed could be on the agenda for state licensing at the August meeting of the Cannabis Regulatory Commission.
Meanwhile, Curaleaf—with stores that launched cannabis for adults in Bellmawr on April 21, and a month later in Edgewater Park—has set its sights on Bordentown. Coralif is the largest cannabis grower in the state.
The Bordentown Planning Board will hold a public hearing on adult cannabis law on MondayAnd the As per the agenda from the June meeting. Assuming the ordinance is adopted, Curaleaf could try to get the Bordentown Planning Board’s agenda at its August 1 meeting.
“Curaleaf has been confirmed to be on the agenda for Monday’s public hearing. We are actively working with Bordentown and CRC officials to open this facility for adult use sales in,” Coraleaf spokeswoman Stephanie Cunha said in a statement to NJ Advance Media late Thursday. As soon as possible.
The addition of Bordentown and Fort Lee will bring the total number of stores to 21 locations, with two more locations pending: Ascend in Montclair, and Verano, operating under the Zen Leaf banner, in Neptune Township.
TerrAscend, which uses the Apothecarium banner in Lodi, has received all state and local approvals and is awaiting an opening date from the company.
Wall Street analysts hinted at expected store openings in Fort Lee and Bordentown in recent investor reports as part of the expected $2 billion cannabis market in New Jersey.
Other stores launched on April 21st are: VeranoAnd the under zain life banner at Elizabeth and Lawrence; Acreage, in botanist Williamstown and Port Plant Eggs; Green Thumb, which uses the RISE banner, at RISE Bloomfield and RISE Paterson; TerrAscend, under the sign of the Apothecarium, in Maplewood and Phillipsburg; and The Cannabist/Columbia Care, at its Deptford and Vineland locations.
Each of the eight alternative treatment centers, which are multistate operators, are allowed to open up to three satellite stores under state cannabis law, for a total of 24 in New Jersey..
AYR, which acquired Garden State Medical Dispensary last year with locations in Eatontown, Woodbridge and Union and has only sold medical cannabis for years, obtained state approvals to sell cannabis to adults on May 24.
The latest stores to open on June 15 were owned by AYR Wellness in Woodbridge, Eatontown and Union.
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Susette Parmley It can be accessed at [email protected] Or follow her on Twitter: @SuzPa