State board revokes Secaucus dispensary’s cultivating and manufacturing licenses over $700K in unpaid fees

June 3, 2023
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New Jersey, News & Insights
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In a shocking move for the local and state cannabis industry, New Jersey officials revoked the Harmony Foundation’s licenses for cultivating and manufacturing adult-use marijuana over unpaid fees, while also approving a number of Jersey City and Hoboken applicants.

The state Cannabis Regulatory Commission voted unanimously Thursday afternoon to revoke three of the four licenses it awarded to Harmony back in December — a cultivator license at its Secaucus location, and cultivator and manufacturing licenses at its Lafayette, Sussex County, location.

Commission officials said that Harmony did not pay the $700,000 that was due for those licenses, prompting them to vacate it. However, Harmony will still be able to continue its retail operation in Secaucus since the fee for that license — $100,000 — was paid in February.

The move is one of the few times state officials had, even if it was momentarily, disciplined a cannabis business.

While Harmony’s Secaucus store, which is the only recreational dispensary open in Hudson County, will still be allowed to operate, it will eventually not have its in-house products to sell after its cultivating and manufacturing licenses were revoked.

Officials said that Harmony may submit new applications if they wish to continue those types of operations.

In a statement issued after the vote, Harmony’s CEO Shaya Brodchandel said that he was “baffled” by the decision. [Read More @ NJ.com]