Wu-Tang Clan’s Raekwon the Chef had plans to open a cannabis lounge in Newark, just a stone’s throw away from the Prudential Center arena. However, that idea went up in smoke this week.

A new marijuana dispensary in New Jersey, co-owned by Wu-Tang Clan rapper Raekwon, was designed for those who like to toke while they work. “Think Weedwork, but better funded,” said Josh ...