New Jersey State regulators have approved the license application for a second company to open a medical marijuana dispensary in Hoboken. The state license, approved earlier this month, is the last step in the process allowing Terrapin to open in the city.
“We are thrilled to be moving forward with plans to bring critical cannabis medicine to patients in New Jersey,” said Chris Woods, owner and CEO of the Colorado based 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.”
Terrapin will open its dispensary at 86 River St., a key location that offers transit options located across from the Hoboken PATH station. The approval concluded four years of outreach to the Hoboken community.
The previously approved Harmony Dispensary plans to open at 95 Hudson Street, a location that their CEO, Shaya Brodchandel, said will help meet the needs of their medical patients that currently have to travel out of town to purchase their medicine.
“Having an established and locally-rooted dispensary among Hoboken’s residents will bring convenience and ease to those patients, as well as future medical patients and adult-use customers,” Brodchandel said at a meeting of the Hoboken Cannabis Review Board in April.
“These funds will be transformational as they have been allocated to support social justice initiatives, cannabis education programs, the special improvement district, community policing, and similar social programs.”
Both dispensaries have cited their efforts beyond just the customer transactions, something Business Administrator Jason Freeman, citing their “willingness and commitment to make investments in the community,” said makes Harmony “the kind of businesses we want to see in Hoboken.”
Specifically, Terrapin pointed to partnerships with several area nonprofits, including with Women Rising, Oasis- A Haven for Women and Children, Project Help, and Hudson Pride Center.
“We have a proven track record that ensures that we will fit in with the fabric of the community,” Woods, a New Jersey native, said.
“The relationships we have developed with the community allow us to serve as a responsible partner who is invested in the future of Hoboken and North Jersey. We look forward to the good work ahead.”
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