VIDEO: Cannabis industry: Ready to launch? I Reporters Roundtable
David Cruz talks with Dianna Houenou, Chair, N.J. Cannabis Regulatory Commission about the latest on the cannabis industry in NJ.
David Cruz talks with Dianna Houenou, Chair, N.J. Cannabis Regulatory Commission about the latest on the cannabis industry in NJ.
Five new medical marijuana-grow businesses are coming to Central New Jersey — but it's currently unknown which towns they will open in.
Last Friday, Oct. 15, the state's Cannabis Regulatory Commission granted licenses to a total of 10 new marijuana cultivation businesses to grow marijuana for medical use only: Three will open in North Jersey, five will open in Central Jersey and two were approved for South Jersey.
An ordinance allowing the cultivation, manufacturing, wholesaling and distribution of recreational marijuana was approved by Winslow Township in August. Retail cannabis stores are not permitted. Another new local law calls for a transfer tax, allowed under state law, of 2% for cultivation and manufacturing operations.
RGC 2 LLC of Egg Harbor Township, owned by James DiNatale, received unanimous approval for the plan from the Camden County Planning Board at its September meeting. The Winslow Zoning Board of Adjustment approved it unanimously in August.
Q. What are some of its biggest challenges the state faces in regulating the sale of cannabis?
A Friday vote by the state’s Cannabis Regulatory Commission pulled the rug out from under plans for a medical cannabis site in Middle Township.
As a result, Massachusetts-based Insa plans to pivot to the adult-use market.
Insa planned to build a new facility on Indian Trail Road to grow and sell cannabis for the medical market under what’s known as a vertically integrated license.
In a virtual meeting, the state board approved four new vertically integrated licenses, including one in South Jersey, as well as new cultivation licenses.
According to NJ.com, the state’s Cannabis Regulatory Commission on Friday announced the permit winners, a mixture of 10 cultivation and four manufacturing licenses.
All 14 licenses went to companies owned by minorities or women:
The wait is finally over.
At the Friday meeting, the commission’s executive director Jeff Brown proposed licensing 10 cultivation sites, double the initial number, to meet patient demand.
All of the businesses given licenses Friday are certified minority- or women-owned, Brown said.
And one of them, Etain New Jersey LLC is comprised of nearly 75% percent females. In fact, Etain is also New York’s only women-owned, family-run and vertically integrated cannabis company.
The Cannabis Regulatory Commission on Friday announced the winners of a competitive and burdensome licensing process that began two years ago. Nearly 200 entrepreneurs applied for licenses to grow and sell medical marijuana, but a lawsuit brought the process to a standstill for more than a year.
New Jersey's cannabis regulatory committee is set to meet today and it could grant as many as 24 new licenses to state marijuana dispensaries.
This will also better prepare the region for selling legal marijuana out of these same medical dispensaries.
Zen Leaf in Neptune Township opened last April, becoming only the second location near the shore region for residents to purchase medical marijuana.
“Nurse practitioners and physician assistants are an integral part of medical practices and are involved in patient care, diagnosis, and prescribing medicine,” Cannabis Regulatory Commission Executive Director Jeff Brown told the news outlet. “We are excited to implement the process for them to participate in the program to provide greater access to patients and to make the process more efficient for care provider offices.”
The change is part of Jake Honig’s law, which expanded New Jersey’s medical cannabis program and has been rolled out over the course of the last two years.
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get your MD Medical Cannabis Commission card!