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US (NJ): Medical cannabis business has secured governmental approvals

Of all the New Jersey applicants to the Cannabis Regulatory Commission to obtain a “vertically integrated permit” to open an Alternative Treatment Center at the Shoppes at Flemington, the top-point earning application was from Altus New Jersey LLC, receiving a total score of 785.

With governmental approvals secured at the state and local level in the last two weeks of October, the Altus cannabis business, a medical dispensary, is expected to open in Flemington in early 2022.

The New Jersey Cannabis Regulatory Commission (CRC) granted the permit on October 15, and a letter regarding their favorable Final Agency Decision was part of the borough council’s agenda packet material for October 25. The state permit application was originally filed by Altus in August 2019.

Altus New Jersey had previously applied to the state for the permit to open at the Shoppes at Flemington in 2018, but in that round, the company was a runner-up. The next year, the company reapplied and, after a major delay caused by litigation on the state’s end, the approval came down.

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