Parea BioSciences of New Jersey Inc., wants to build a 137,000-square-foot facility on a 25-acre parcel on Barker Avenue, near Route 130.
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The state Department of Health is reviewing 51 applications from companies competing for approval to operate two alternative treatment centers the state plans to authorize in South Jersey. The department expects to approve a total of six new licenses statewide in November.
If its license application is approved by the state, Parea hopes to build an indoor cannabis cultivation facility with an adjoining 10,000-square-foot greenhouse, a manufacturing and processing plant, and a dispensary. The dispensary would include business offices, security offices, a welcome room and consultation rooms.
The site has enough space for future expansion and multiple greenhouses, according to the company’s five-page proposal to the township council.
Parea also outlined a security plan, including two security guards stationed during business hours, and a request for routine surveillance by Logan police officers.
The operation’s expected revenues would be subject to federal, state and local taxes, according to the company. On average, a New Jersey alternative treatment center generates $315,000 in state taxes, according to the letter. If the state legalizes recreational marijuana, according to the letter, “lucrative tax revenues are a likely result.”
Christopher J. Macchi, a lawyer and Logan resident, submitted the proposal on behalf of Eisenberg, Gold & Agrawal, P.C, a legal practice with offices in Cherry Hill and Jenkintown, Pennsylvania. He declined requests for an interview.