Atlantic City is banking on cannabis to fix its poor economic situation, which has only been made worse by the COVID pandemic.
A report commissioned from the Atlantic City Restart and Recovery Working Group convened by Governor Phill Murphy has said cannabis revenues would be the best way to address their financial woes.
“The State should consider the opportunities that may be created by new initiatives, including the legalization of recreational use marijuana, as potential sources of political and financial support for the efforts to restart and recover Atlantic City,” the report said.
The Botanist dispensary is already open in AC and MPX/iAnthus’ “Be” will open eventually. In addition, the Hip Hemp Cafe, owned by former long-time cannabis prisoner and Mafia associate George Martorano is poised to get a license. In addition, Snoop Dogg and the CGC corporations he is associated with want in as well. In addition, cannabis conferences could bring a lot of money to the city Post-COVID.
“We are facing a recovery challenge unlike any Atlantic City and the state has faced. But every challenge also brings with it opportunities. The Working Group’s report has identified many of these opportunities, and we intend to move forward on a number of them as we emerge from the pandemic,” Murphy said.
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