With recreational and medicinal marijuana being legalized in New Jersey, new businesses such as dispensaries have been trying to establish themselves in the Garden State. Terrapin, a Colorado-based cannabis dispensary, is the latest dispensary to be approved by Hoboken officials to open a medical marijuana dispensary in the Mile Square at 86 River Street.
Marijuana in New Jersey
In February 2021, New Jersey Governor Phil Murphy signed three new laws that legalized the regulated use of marijuana. The New Jersey Cannabis Regulatory Commission has oversight of the new laws, permitting, and taxation at the state level. Municipalities had until August 21, 2021, to determine their cannabis regulations at the local level. The City of Hoboken adopted several new provisions permitting cannabis-based businesses to operate. The Terrapin ATC is the first business to be approved through the new laws.
Another provision of the laws passed by Gov. Murphy was a process for the expungement of marijuana-related arrests on New Jerseyian’s criminal records. Attend a clinic on how to manage the process here in Hudson County, hosted by the Hudson Pride Center.
Founded in 2009 in Boulder, Colorado, Terrapin sells medical and retail cannabis products. With locations in Pennsylvania, Michigan, and Missouri, its newest venture is coming to downtown Hoboken. The company was originally called Terrapin Care Station and has a focus on providing high-quality cannabis products at competitive prices. The company has been active in establishing retail locations, and securing the necessary permits and licenses, in states as they legalize marijuana. The company has also been an advocate for legalizing marijuana, focusing on state-level efforts to administer the program.
Exterior rendering of 86 River St. courtesy of MVMK Architecture & Design
Arrival in Hoboken
Terrapin had begun the process by applying for a medical cannabis license to open an Alternative Treatment Center (ATC) in Hoboken as part of the state’s 2019 licensing process. Delays occurring from lawsuits prevented regulators from announcing those awards.
After approval on October 5th by the Hoboken Planning Board, Terrapin is now ready to quickly open an ATC upon certification by the NJ Department of Health. Now that the local approvals are completed, the process is still not finalized until the state approval is completed. Once everything is finalized, the new medical marijuana dispensary will be located at 86 River Street.
“Terrapin’s commitment to our community and the patients of New Jersey has been impressive,” said Joseph Castelo, a long-time Hoboken resident and co-owner of Antique Bar and Bakery, who partnered with Terrapin on opening the ATC.
“Terrapin’s culture aligns strongly with our passion for serving the local community,” Castelo continued. “From nonprofit outreach to creating affordable access for patients who benefit from medical cannabis, Terrapin has expressed a commitment to develop a long relationship with the Hoboken community.”
“We are thrilled to be moving forward with our plans to bring critical cannabis medicine to patients in New Jersey,” said Chris Woods, owner, and CEO of Terrapin. “We are thankful to our partners in the Hoboken community for patiently supporting us with open arms. Despite delays to the licensing process, Terrapin has never wavered in its commitment to serving patients in North Jersey. We look forward to serving the community as responsible corporate citizens in meeting the demands of cannabis patients while leaving a positive community impact.”
We’ll keep you posted on updates for the opening of this dispensary as they come to light.