New Jersey Gives Medical Marijuana Dispensary $357,000 Loan

In an unprecedented move, the State of New Jersey – through unanimous approval by the Economic Developmental Authorityhas agreed to give out a $357,000 loan to the founders of the Compassionate Care Foundatiomoney2n Inc., a medical marijuana dispensary which plans to open in October; the dispensary would be the second to open in the state.

“You don’t get much more mainstream than the Economic Development Authority,” says David Knowlton, President and CEO of the New Jersey Health Care Quality Institute, a research and consumer advocacy group, “They are saying this is a mainstream public health issue.”

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