Each week, NJ Cannabis Media Weekly provides a round-up of industry news and notes:
Westwood bans adult-use and medical marijuana sales: The Westwood council voted 4-1 last week on an ordinance banning the sale of marijuana, both medicinal and recreational, in the borough. Councilwoman Erin Collins, who wanted medical marijuana sales to be exempt, was the sole dissenting vote.
Some town residents wanted medical marijuana dispensaries to be permitted near Hackensack Meridian Health Pascack Valley Medical Center.
“I am a father, and I welcome a dispensary into my neighborhood with open arms if it meant my neighbor would have easier access during a very difficult time in their life,” resident Eric Dougherty said at a meeting this month.
Trenton sees bidding war for properties: Trenton city leaders said at last week’s city council meeting that they’ve received considerable interest from applicants, including Trenton businessman Tracey Syphax, about opening up a medical marijuana dispensary, The Trentonian reported.
Companies from across the country have started a “bidding war” that has reached up to $750,000 for some Trenton properties they then hope to revamp into a medical marijuana dispensary should they obtain a license from the state, city officials said.
City law director John Morelli outlined a set of parameters that would govern how any medical marijuana dispensary would function in the capital city. It would be required to be in a redevelopment zone void of any doctors offices for fear of skirting the state’s rigorous process for patients to obtain medical marijuana cards.
Aurora Cannabis targeting U.S. stock debut: Aurora Cannabis, the Canadian cannabis producer that was reportedly in talks with Coca-Cola to make a drink infused with CBD, one of the nonpsychoactive compounds found in cannabis (it didn’t lead to a deal) is targeting a U.S. stock-market debut in October, a report says.
“We’re targeting the month of October to establish a U.S .listing,” Cam Battley, Aurora’s chief corporate officer, told the Financial Post.
Linden joins Cannabis Law Committee: Andrew D. Linden, a member of law firm Norris McLaughlin, P.A., has been named a member of the New Jersey State Bar Association’s inaugural Cannabis Law Committee for the 2018-2019 term.
A resident of Caldwell, Linden assists marijuana entrepreneurs, suppliers, growers, retailers, and investors to navigate complex statutory and regulatory schemes, including those related to permitting and licensing (such as initial applications, transfers, expansions, changes to ownership, and related disclosures), distribution, and general business operations (such as sales, storage of product, and record keeping). He assists clients in all tiers of the distribution chain regarding compliance and business law issues. Linden contributes to the firm’s cannabis law blog, Legally Grown.