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Upper Township backs Bayside Supply Company LLC for local support on retail cannabis license
Summary
The committee approved a resolution authorizing local support for Bayside Supply Company LLC's application to the New Jersey Cannabis Regulatory Commission; staff outlined a tax-share plan and a community host agreement structure.
The Upper Township Committee voted to authorize local support for Bayside Supply Company LLC's application to the New Jersey Cannabis Regulatory Commission for a retail cannabis license.
During public comment, a resident asked how the retailer would benefit the community. Staff explained the municipal tax split plan and community benefits: staff said the municipality would receive 2% of tax revenue, and described dividing the municipal portion into thirds to support sports and recreation, beach replenishment, and the general fund; staff also noted the winning bidder would execute a community host agreement with additional contributions.
The resolution passed by roll call vote.
Why it matters: Local support letters are part of the licensing process and the described tax-share and community-host arrangements would channel some retailer revenues to local programs if the license is awarded and the business operates as proposed.
