Atlantic City: Claridge Hotel’s Former Gambling Casino To Become New Jersey’s First Cannabis Lounge

March 1, 2023 · Benzinga

New Jersey’s Casino Reinvestment Development Authority approved a proposal that would bring a 10,000-square-foot cannabis dispensary and lounge to Atlantic City’s historic Claridge Hotel and former gambling casino where Marilyn Monroe once judged the Miss America Pageant. 

The Claridge Hotel, which opened in 1930 during the Great Depression as the last of the great hotels built near Atlantic City’s Boardwalk, is making space for the High Rollers Dispensary on what used to be its casino floor. The Claridge is now a stand-alone hotel with no gambling. 

Because the Claridge does not technically lie adjacent to or share a boundary with Atlantic City’s Boardwalk – it is separated by a park and a Korean War Memorial – it is not subject to the city’s restrictions against recreational cannabis on the boardwalk. And, since it is no longer a casino, it is not subjected to federal restrictions.

Jon Cohn, a co-owner of High Rollers Dispensary said the company is close to finalizing its lease from the Claridge and will soon embark on $3.2 million in renovations, reported

“We feel it’s a good fit for the city as a whole, to utilize cannabis for tourism,” said Cohn, whose company is also licensed to build a cultivation facility on a nearby vacant tract of land. “You can’t be on the Boardwalk, but it’s relatively close.”  

In 2022, Atlantic City established a “green zone” to encourage cannabis tourism.

If all goes according to the proposal and if it gets the nod from the Cannabis Regulatory Commission, which is expected, adults over 21 will be allowed to consume cannabis on the premises, just steps from the famous Atlantic City Boardwalk.  

Though New Jersey’s current regulations do not permit any alcohol or food to be sold inside consumption lounges, those provisions have been subject to criticism during a public comment period, which ends March 18.

Booming Weed Market

Since recreational cannabis sales became legal in New Jersey on April 21, 2022, the marijuana market has grown by leaps and bounds and continues to constantly evolve into a dynamic industry. 

Multi-state operators in New Jersey include Acreage Holdings 

ACRDF Ascend Wellness AAWH, AYR Wellness AYRWF Curaleaf CURLF, Green Thumb GTBIF, Columbia Care CCHWF TerrAscend TRSSF and Verano Holdings VRNOF.

If all goes well, High Rollers Dispensary could open as early as this coming summer. (Full Story)

In categories:Business Lifestyle Marketing
Next Post

A Woman’s Place Is in the Executive Suite

During the great cannabis land grab between 2018 and 2020, one newly public multistate operator (MSO) was decidedly more reserved in bidding for licenses in recently legalized locations. Planted firmly in Florida and laser-focused on dominating the limited-license, medical-only state,…
Previous Post

Health Benefits Of Cannabis

Cannabis continues its rise in popularity as more and more states legalize its use either as a medical or recreational drug. Cannabis remains illegal at the federal level, but a number of medical experts and researchers appear to disagree with this decision…
Random Post

Is the RICO Act a Serious Problem for the Cannabis Industry or Just a Bunch of Smoke?

The cannabis industry has always had to fight and claw for everything it has gotten from the hands of the law. From its present stance before state governments to the numerous open medical and recreational markets. It has always been…
Random Post

Shaquille O'Neal Seeks Over $1.3M In Damages Following Failed Partnership With Cannabis Company

In 2017, former pro basketball player Shaquille O'Neal and his business partner, Jerome Crawford invested $150,000 in Viceroy LLCcannabis company. Out of that total, O’Neal provided $100,000 and Crawford put up the remaining $50,000. However,last year they sued the company for more than $1 million. According to the…
Random Post

New Hampshire Senators Reject House-Passed Marijuana Legalization Bills In Committee, But Floor Votes Still Planned

A New Hampshire Senate committee has rejected two House-passed bills to legalize marijuana—as well as a measure to allow medical cannabis patients to grow their own plants—though they will still move to the floor despite the procedural defeat. The House Republican…
Random Post

As Irish Lawmakers Prepare To Debate Marijuana Bill, Prime Minister Pledges To Examine Drug Decriminalization As Recommended By Citizen Commission

Ahead of a hearing on a bill to legalize marijuana possession in Ireland, a government-appointed citizen commission has released a report formalizing recommendations to stop criminalizing people over drugs—a policy position that the country’s prime minister says holds merit. About…