Egg Harbor medical marijuana facility wins EDA approval for loan

TRENTON – A New Jersey medical marijuana dispensary’s request for a $350,000 loan to expand the facility was approved Thursday by the state’s Economic Development Authority.

Compassionate Care Foundation, located in Egg Harbor Township and slated to open later this month, is expected to use proceeds from the loan to build a second vegetation and flowering room, according to the EDA. The second room is expected to help the company triple its medical marijuana production.

Compassionate Care received its permit to grow medical marijuana and will service the state’s seven southern counties.

 

Egg Harbor medical marijuana facility wins EDA approval for loan