cannabis regulatory commission

From the day of its launch, Apr. 21, through June, the recreational weed market delivered $4.6 million in tax revenue to the state, based on $79,698,831 in total sales.

But the same dilemma still exists from before these new rules were presented: Those who garner licenses may not be able to do anything with them if they don't have the cash to move their plans forward.

The state is working through nearly 1,200 license applications for marijuana businesses. About one-fourth have conditional approval, none have final OK.

The Cannabis Regulatory Commission does give priority to applications to businesses that would be owned by women, minorities, disabled veterans, or those with expunged marijuana convictions, but once a conditional license is granted, the money isn't always there.

It's ultimately up to the Legislature and Gov. Phil Murphy, but the Cannabis Regulatory Commission has suggestions for the social equity excise fee money.

The third of three virtual meetings, hosted by the New Jersey Cannabis Regulatory Commission, is scheduled for Wednesday at 7 p.m. on Zoom.

Half of the 14 new licenses for medical marijuana went to businesses in Central Jersey. Four of 14 would grow and sell at dispensaries. Ten are cultivators.

The state is prepping to launch an application process for new marijuana licenses – but still hasn't chosen winners from a 2019 solicitation.

Chair of the Cannabis Regulatory Commission says developing regulations on every topic identified in the legalization law by Aug. 21 isn't practicable.

Cities and towns have been blocking dispensaries, some awaiting final rules from the state. They also want power to set stricter regulations than the state.