Photo Credit: THOMAS E. FRANKLIN
Each week, NJ Cannabis Media Weekly provides a round-up of industry news and notes:
More towns vote no: Another week and more New Jersey towns are making decisions on whether they approve or disapprove of the possibility of marijuana businesses in their community.
Municipalities that voted to either say no or are preparing to say no to cannabis include:
- Florham Park unanimously approved a resolution opposing the legalization of recreational marijuana by the state as well as an ordinance “prohibiting marijuana within all zones” in the township.
- Palisades Park adopted a ban that covers the operation of medicinal and retail marijuana establishments including retail or paraphernalia stores, cultivation facilities, product manufacturing facilities, testing facilities and retail marijuana social clubs, NorthJersey.com reported.
- Sparta introduced an ordinance that would ban both medical and recreational marijuana, but Mayor Joshua Hertzberg said he is in favor of medical marijuana and there will be changes to the ordinance, according to NJHerald.com.
- Freehold Township is expected to vote Thursday night on a proposal to ban businesses, entities and establishments that sell marijuana-related products, according to APP.com.
Kevin Durant invests in cannabis delivery service: An on-demand marijuana and cannabis delivery service, Dutchie, raised $3 million from Casa Verde Capital, the $45 million venture firm founded by hiphop impresario Snoop Dogg, and Kevin Durant’s Durant Company.
The company currently operates in Oregon, Washington and Michigan and is launching in Colorado, Nevada and California this month. It currently works with 100 dispensaries and has seen $2.5 million in gross merchandise volume in its first year of operations alone, according to techcrunch.com.
Women Grow to be acquired by Hollyweed North Cannabis Inc.: Renee Gagnon, founder and CEO of HollyWeed North Cannabis Inc., announced that the company signed a letter of intent dated Sept. 10 to acquire Women Grow, LLC, a global company that provides connections, education and empowerment for aspiring and current cannabis entrepreneurs and business executives. Founded in 2014 in Denver, Women Grow has had over 50,000 individuals across the U.S. and Canada attend its monthly Signature Networking Events and annual Leadership Summit, with an overall reach of over a half of million followers. Currently, Women Grow operates in 17 markets, including New Jersey.
“This is an amazing opportunity for Women Grow and its community. We are pleased to enter into this next phase with HollyWeed North and Renee Gagnon, a highly respected and notable business leader in the cannabis industry. We have enjoyed a long relationship with Renee and look forward to exploring potential expansion opportunities,” said Kristina Garcia, CEO of Women Grow, who will be a speaker at NJ Cannabis Summit on Oct. 24.