Daily News | New Jersey has few Black-owned marijuana dispensaries. A banker-turned-budtender is about to open one.
It started as a part-time gig, but soon, he went full-time doling out weed at a Maryland medical marijuana dispensary. The move was a financial sacrifice for Johnson, who has three daughters, ages 9, 5, and 1. It also caused friction in his relationship with his former long-term partner.
“I saw a real need for, and lack of, diversity in the industry,” Johnson said. “Here I was, traveling the country, and everywhere I go, I’m like the only Black person there.”became the first Black person to own a legal U.S. cannabis dispensaryThe idea with Simply Pure Trenton, Johnson said, is to provide an upscale experience while targeting traditional marijuana consumers — something he says is missing from New Jersey’s legal market. He even has a robot, Pepper, to help customers.
In part, the lack of operating marijuana businesses owned by underrepresented groups comes down to funding, Nickelson said. Because marijuana is federally illegal, business owners often can’t get loans and must find investors to provide start-up money. That can lead to predatory situations in which investors lend money under terms that cause the operators to lose control of the business.
Compounding the issue is the lack of available real estate, said Todd Johnson, executive director of the New Jersey Cannabis Trade Association.. That leaves nearly 2,000 applicants hoping to set up shop in about 170 towns.
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