In New Jersey, the state government has opened the licensing application process in order to increase the number of medical marijuana companies from six to 12. (Source: “New Jersey launches application process to double medical cannabis licenses,” Marijuana Business Daily, August 13, 2018.)
On top of that, the state is reportedly looking into a recreational marijuana bill that could hit the state legislature as early as next month.
Around 28,000 patients are served by the New Jersey medical marijuana program, climbing rapidly from 16,000 at the end of 2017. Governor Phil Murphy is said to be a staunch supporter of the expansion.
Sales could hit between $30.0 million and $35.0 million, marking about a $10.0-million increase from 2017.
In New Jersey, the marijuana news today reflects a strengthening push for laxer regulations, with a potential recreational pot bill in the near future.