BERGEN COUNTY, NJ — A new cannabis dispensary will soon open in Carlstadt, within walking distance of the Meadowlands Sports Complex and American Dream, said the shop’s financiers on Wednesday.

Poseidon Investment Management, a firm that invests in legal cannabis and hemp, announced Thursday the completion of a financing with Herb Haus, a social equity cannabis dispensary founded by Joe Kanegieser.

Herb Haus will be located at 300 Washington Avenue in Carlstadt.

Kanegieser won a social equity license as part of the third set of licenses awarded in May 2022 from the New Jersey Cannabis Regulatory Commission, said a spokesperson. Herb Haus was also selected by the New Jersey Economic Development Authority’s Cannabis Equity Grant Program.

”A social equity business is owned by people who have lived in an economically disadvantaged area of the state or who have convictions for cannabis-related offenses,” explained the spokesperson. More information is here.

The new shop will be within walking distance of the Meadowlands Sports Complex, MetLife Stadium, American Dream, and the New Meadowlands Flea Market.

It’s set to open this June, the spokesperson told Patch.

“Herb Haus will offer the broadest selection of premium, lab-tested, and state-legal cannabis products at the best prices to customers visiting the Meadowland Sports Complex,” said Kanegieser. “It’s been a long journey, and I couldn’t be happier to be in a position to bring Herb Haus to life with the help of Poseidon.”

Cannabis is the plant from which both marijuana and hemp derive. Marijuana flowers and leaves have higher THC content than hemp.

A spokesperson for Herb Haus said that New Jersey cannabis sales grew 25 percent in 2024. Two thirds of the state’s 564 municipalities prohibit adult-use cannabis dispensaries, so “There are compelling opportunities for thoughtfully located dispensaries in high-traffic areas,” said the spokesperson.

“This is an exceptional location that’s full of opportunity to introduce a very diverse set of customers visiting the Meadowlands Sports Complex to New Jersey’s finest state-legal cannabis,” said Patrick Rea, managing director of Poseidon. “Herb Haus will put customers first – with a safe, efficient, and premium cannabis dispensary experience. We expect Herb Haus to become the highest performing store in the TriState area.”

Poseidon is a leading investor in the legal cannabis and hemp industries.

For more information about the shop, visit www.herbhausnj.com