Assembly panel advances bill loosening dispensary ownership restrictions
The Assembly Health Committee advanced a bill loosening ownership restrictions on medical marijuana dispensaries in a 10-2 vote Wednesday.
Existing law allows individuals and businesses to hold only a single marijuana cultivation, manufacturing or dispensary permit.
The bipartisan bill, sponsored by Assemblywoman Verlina Reynolds Jackson (D-Trenton) and Assemblyman Brian Bergen (R-Denville), would allow investors to hold a stake of up to 35% in up to seven medical marijuana businesses so long as they’re owned by minorities, women or disabled veterans.