A new cannabis retailer, Monteverde NJ, is seeking approval from the Red Bank Planning Board to convert a former dry-cleaning shop on North Bridge Avenue into a cannabis shop. The planning board meeting is scheduled for Monday night. If approved, Monteverde’s shop would be the second on North Bridge Avenue to win board approval. The site is one of several businesses seeking to capitalize on Red Bank’s emerging cannabis market, which has seen several other businesses jockeying for position.
Red Bank’s Burgeoning Cannabis Market
Red Bank’s cannabis market is growing quickly, with several businesses vying for a spot in town. Canopy Crossroad previously received approval to open at 9 West Street, next door to Red Bank Liquors. Plug Naturals LLC is another business with a pending plan for a store at 156 West Front Street, with a hearing scheduled for July 17.
Garden at Red Bank LLC is also looking to set up shop at the long-vacant former Exxon station at 80 Rector Place. However, before any cannabis shops can open, they need to pass muster with the borough’s Cannabis Review Board, which hasn’t yet been formed, and with the council itself.
Red Bank’s current zoning law regulating cannabis businesses was adopted in 2021. Efforts to tighten the law have stalled, with a change in government slated to occur in July 1 that could put opponents of the proposed changes in charge.
Red Bank Green provides regular updates on the borough’s cannabis market and other news of interest to the local community.
For more information about Monteverde NJ and other businesses looking to set up shop in Red Bank’s nascent cannabis market, please see the original article in Red Bank Green.