The New Jersey Town Afraid of Change

Point Pleasant Beach is a New Jersey town afraid of what legal marijuana might to do to its economy. The city has already voted to not allow recreational or medical marijuana before the state has even legalized adult-use cannabis.

Point Pleasant Beach is afraid that marijuana will hurt their economy instead of benefit it. They are likely to find out soon whether they have made a mistake as Governor-elect Phil Murphy is on the verge of legalizing marijuana.

The Point Pleasant Beach borough council has unanimously approved a full ban on marijuana sales, including both medical marijuana dispensaries and any retail business looking to sell weed.

In an interview, Point Pleasant Beach Mayor Stephen Reid said he was not against medical marijuana — and not all borough officials are against recreational marijuana.

“I believe legalized marijuana is coming and we just don’t want to see any dispensaries,” Reid said. “We have an amazing family-friendly town — a tourism town. People come here with their families. They’ve been doing it for years and we want to continue that.”

The ordinance only covers businesses that will sell marijuana or paraphernalia. When it comes to marijuana-specific bars or clubs, Reid said the borough will “deal with that when (they) get there.”

Under that plan, towns that ban marijuana sales wouldn’t see a dime of pot revenue. And Reid is fine with that: “Money doesn’t play a role in this. It should never play a role, even at the state level. We’re not even thinking about that,” he said.

Surrounding towns of Point Pleasant Beach will be able to provide statistics relatively quickly as to whether marijuana has benefited their economies or changed its dynamic in any way. Do you think that Point Pleasant Beach has made a mistake in banning marijuana?

Read more: https://goo.gl/UeXFUb

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Richard Lowe

Richard Lowe is a 14-year veteran of the financial sector with licenses as a commodity broker (Series 3) and investment advisor representative (IAR Series 65). Along with a focus on raising capital for the firms he was employed with, he also wrote and edited much of the content published by them. He holds a BA in Journalism from the University of Massachusetts. He has been a longtime advocate for marijuana legalization due to the social injustices associated with marijuana prohibition and the strong potential for the medicinal benefits of cannabis.

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