PATERSON, NJ - When Mayor Andre Sayegh announced that Paterson had been selected as the host city for a compassionate care cannabis dispensary he said that it showed the city was “once again on the right side of innovation.” He also promised that as the New Jersey home to Green Thumb Industries (GTI) Paterson would gain new jobs and revenues.
Green Thumb Industries (GTI), a national cannabis consumer packaged goods company, was given the green light to open its Paterson location in 2018, allowing it to cultivate and dispense medical marijuana.
Prior to its grand opening, GTI held job fairs in the city to help fill positions needed at the dispensary and attracted dozens of Patersonians, something that GTI’s New Jersey Chief Executive Officer Devra Karleback said would help them become “an active and integral member of the Paterson community."
On Friday, just a day after TAPinto Paterson published a story about a local hire at GTI’s Rise Dispensary that was recently promoted to the position of assistant general manager, Sayegh was at the retail space to announce that following a unanimous vote of the Paterson City Council a transfer tax of two percent on all transactions would translate into upwards of $150,000 per year for the city’s coffers.
During the announcement Karleback announced that they planned on adding 25,000 square feet of “canopy space” for further cultivation, adding approximately 15-20 new jobs.
With the legalization of cannabis for recreational use on the ballot in November, an initiative that is expected to pass easily, Paterson’s Director of Economic Development Mike Powell predicted that even more revenues and jobs were coming in the future.
Fifth Ward Councilman Luis Velez concluded the proceedings by saying the vote by the legislative body showed that he and his colleagues were to “come united for Paterson” and celebrated that the new initiative will give patients that visit Rise will have “a chance to heal and contribute to the recovery of their city.”
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