New Jersey on Monday announced a plan to issue up to 108 additional medical marijuana licenses, an exponential increase that would significantly boost business opportunities in the once highly restricted program.
To date, the state has issued only 12 vertically integrated licenses, and six aren’t yet in operation.
The plan, announced by the state health department, will offer up to 54 separate dispensary licenses, 30 processing permits and 24 cultivation licenses, including three tiers of grower permits. Applications will be available July 1.
The plan comes at a time that the New Jersey Legislature was on the verge of passing MMJ expansion legislation after efforts to legalize recreational cannabis stalled.