There will be no cap on the number of cannabis retail establishments in Jersey City, the municipal council decided recently. In a vote by the body an attempt to cap the number at 55 was rejected.
While each of the council members had their own reason for opposing the measure, the general feeling was that too many of the businesses are being proposed for the northern part of the city while other sections are being left out from participating in the growing industry.
Business Administrator John Metro made the case that with the large number of applications being received the market may become oversaturated, offering that any cap doesn’t need to be permanent and can be adjusted as city officials get a better handle as to what the market is going to look like.
21 licenses have been approved so far, Metro added, and city officials plan on working with the community to determine where additional establishments might be located in the future.