Raekwon has accused the landlord of his Newark cannabis dispensary, HashStoria, of deceptive practices following a court order to close the business due to more than $500,000 in unpaid rent and fees. The property owner, BMHC LLC, filed a lawsuit after months of missed payments, and a judge ultimately ordered the dispensary to vacate the space. Raekwon and his team contend that they had a verbal agreement to suspend or adjust rent during prolonged construction delays and permit issues caused by the City of Newark, which left the business unable to generate revenue.
Representatives for HashStoria claim the landlord failed to honor their arrangement and permitted an unlicensed dispensary to operate next door, exposing HashStoria to repeated police raids and harming its reputation as a compliant, legal operation. The team also said that, despite branding themselves as a Black-owned business, they encountered ongoing regulatory obstacles that were not faced by other dispensaries in the area. Raekwon has stated that he plans to pursue legal action against the landlord for alleged misrepresentation and damage to their business.
BMHC LLC maintains that the dispensary had ample time to address outstanding rent following its opening and is now seeking new tenants for the location. HashStoria’s closure comes as multiple dispensaries across New Jersey struggle with similar financial and regulatory difficulties.