Edmund DeVeaux, who has led the state’s most prominent cannabis business trade group since marijuana was legalized in New Jersey, has announced he is stepping down as president today.
DeVeaux was named president of the New Jersey CannaBusiness Association in December 2020, just weeks after it played a major role in a successful campaign to help legalize cannabis for adult recreational use. He says he is returning to his roots in local government and will announce his new position soon after he is installed.
New Jersey has finally started to sell recreational marijuana to the general public. But many job seekers in the state may have a big question as the Green Rush begins: How do I get my foot in the door of the cannabis industry?
According to the New Jersey Cannabis Trade Association (NJCTA), the answer is simple: Start with what you know.
One month after New Jersey voters overwhelmingly approved a referendum to legalize recreational marijuana, Scott Rudder is stepping down as president of the New Jersey CannaBusiness Association to pursue other opportunities.
He will be replaced by Edmund DeVeaux, a veteran public affairs official and former aide to U.S. Senator Bill Bradley.
If New Jersey voters approve the November ballot question on legalizing recreational marijuana, how quickly could the state see those first sales for "adult use"?
By mid-2021, depending on how quickly state lawmakers follow-up, according to New Jersey CannaBusiness Association President Scott Rudder.
"In order to hit the ground running, you want to do what you can with what you have available," Rudder said.
Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November.
A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people – would reach $850 million-$950 million in sales a year by 2024, according to a Marijuana Business Daily projection.
But that’s not all: Approval is expected to cause a domino effect along the Eastern Seaboard and inland, creating an adult-use marijuana region that is among the biggest in the world.
The president of the New Jersey CannaBusiness Association slammed Republican county chairs for passing a resolution opposing a legalization ballot referendum Thursday.
“This is such an incredibly short-sighted, poorly thought out decision,” Scott Rudder said. “We know the war on cannabis has been a total failure. We know it has disproportionately impacted minority communities and needlessly ruined the lives of many for no good reason. We know that many of the myths about cannabis — some of which the chairs clearly buy into — have been disproven.”
Amid the ongoing expansion of New Jersey’s medical marijuana market as well as the anticipated victory of recreational legalization at the ballot box in November, some of the state’s cannabis companies are investing heavily in cultivation build-outs and other infrastructure to meet an expected surge in demand.
Many industry insiders anticipate the New Jersey marijuana market will be one of the hottest on the East Coast once recreational sales actually begin – assuming voters approve the fall ballot measure.
Insiders concede, however, sales might not happen until 2022.
Scott Rudder, president of New Jersey Cannabusiness Association, says a new waiver signed by the state Department of Health allowing the 11 permitted dispensaries to start home delivery is a game changer.
“Through the coronavirus, when we had a lot of restrictions, there were long lines and everything else so the state of New Jersey put forward their rules and regulations to allow for the current ATCs [alternative treatment centers] to provide a plan for home delivery,” Rudder said.
Harmony Dispensary in Secaucus is ready to go.
The state Health Department this week amended the medicinal marijuana program to serve patients and inhibit the spread of the coronavirus by letting dispensaries make curbside sales and cutting the registration fee for caregivers to $20.
These accommodations will help. More changes are on the way.
Advocates for legalizing recreational cannabis talked about how creating a new industry could jump start South Jersey’s sluggish economy at a forum Wednesday hosted by Democratic congressional candidate Brigid Callahan Harrison, of Longport.
Harrison, one of seven candidates running in the Democratic primary to challenge U.S. Rep. Jeff Van Drew, R-2nd, supports legalizing the drug on the national level.