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The state of New Jersey has 2,356 legal cannabis industry jobs, according to a study by Leafly, a website that provides information about marijuana and connects licensed retailers to consumers.
The state has estimated annual cannabis product sales of $120 million and ranks 18th in the nation in terms of legal marijuana jobs, the report states.
- Creating separate permits for cultivators, processors and dispensaries, thus increasing potential business opportunities. Currently, licensed dispensaries must grow their own cannabis. Recent forecasts estimated the market will need 15 additional growers and 50-90 dispensaries by 2022.
- Streamlining the process to add qualifying medical conditions to the program. The rule removes the requirement that the petitions for new qualifying conditions must first go to the Medicinal Marijuana Review Panel.
The biggest change will affect how permits are handed out to businesses and the industry will be divided into three groups: cultivators, manufacturers and retailers.