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The commission responsible for establishing and enforcing rules and regulations for the New Jersey cannabis industry will hold an informational webinar this week.
The New Jersey Cannabis Regulatory Commission (NJCRC) has announced the CRC Recreational Cannabis Statewide Informational Webinar on Tuesday, September 28, 2021.
According to NJCRC, the webinar will focus on the new adult-use cannabis regulations and how they apply to municipalities, community members, and potential industry entrants.
Boston-based cannabis multistate operator Ascend Wellness Holdings, which operates in northern New Jersey, found that the area had “arguably some of the most expensive real estate, commercial real estate, industrial real estate, definitely in the eastern part of the country,” Chief Strategy Officer Frank Perullo said.
“As we started looking, we noticed that the prices were high regardless of the condition of the building – it was a market that was hot with or without cannabis.”
Still, out-of-state companies such as Ascend have secured real estate by:
Howell voted in July to ban recreational and medical marijuana sales, but leaders at the time said they were doing so chiefly to avoid a deadline that would have forced the town to allow such sales with no local restrictions. Howell residents voted 63% in favor of legalizing marijuana in the November ballot measure. Statewide, 67% of residents voted in favor.
Madelyn Hoffman, the independent gubernatorial candidate who joined the race this summer, insists that New Jersey's new marijuana law falls well short of what voters across the state wanted.
While the legalization of pot two years ago opened the door for cannabis-related businesses to thrive, Hoffman says the profits have not been enjoyed by women-owned business — and more specifically those owned and operated by women of color.
Forchion estimates that he has already served between 1,100 and 1,200 days of incarceration for selling cannabis. His storefront was most recently raided in 2016 and he spent more than a year in jail awaiting trial on witness tampering charges, for which he was acquitted. The related drug charges were dismissed, the report says.
Forchion said that with the state’s regulations allowing micro-businesses—those that sell less than 1,000 pounds of cannabis per month—he believes that officials “are trying to bring the black market” into the legalized market.
But as the state’s recreational industry revs up, neither Senate President Sweeney nor Sen. Nick Scutari – the legislative doyen of legal marijuana – has thrown his support behind Gopal’s bill. To get some answers why the bill has stalled, Dave D’Alessandro of the Star-Ledger Editorial Board spoke with Gopal, and what follows is an edited version of that discussion:
Q. State the case for allowing home grown marijuana, particularly for medical patients.
Gov. Phil Murphy says that it could be the middle of next year before recreational marijuana is for sale in New Jersey. The governor made the comments on News 12’s “Ask Gov. Murphy” on Tuesday.
The state’s Cannabis Regulatory Commission was scheduled to open applications for marijuana businesses licenses this past weekend, but so far has not.
“We are on the threshold of the industry,” says Edmund DeVeaux, president of the New Jersey Cannabusiness Association.
At a public meeting on Saturday, Princeton Cannabis Task Force Chair and Councilmember Eve Niedergang GS ’85 said the “consensus” reached by the 24-member task force is “overwhelmingly that the benefits of having a dispensary in town outweighed the bad points.”
Ed Forchion, better known as “NJ Weedman,” has proudly flouted cannabis prohibition for years. By his own count, he has between 1,100 and 1,200 days of incarceration to show for it.
But now, he may be ready to go legit.
New Jersey regulators reportedly won’t make Saturday’s statutory deadline to begin accepting adult-use marijuana business license applications for the projected $1 billion market.
But they plan to publish a public notice that lists an application start date and the information an applicant will need to submit an application, NJ.com reported.
Regulators intend to provide businesses a clear picture of what materials they will need to submit an application so they can prepare to do so before the licensing round is opened.