New Jersey Adopts Initial Rules for State’s Adult-Use Cannabis Program

Cannabtimes

<![CDATA[It’s been roughly nine months since New Jersey voters approved adult-use cannabis legalization in the 2020 election, and on Aug. 19, the state’s Cannabis Regulatory Commission (CRC) took steps to get the market off the ground when it voted to adopt the first set of rules to regulate the industry.“We were ambitious with our timeline to make personal-use cannabis available, and I am pleased the Commission was able to create these regulations in record time,” Gov. Phil Murphy said in a public statement. “The regulations adopted today reflect the CRC’s commitment to transparency and social equity. Prioritizing applications from women and minority entrepreneurs, from business owners living in economically-disadvantaged communities, and from small business owners will ensure the market grows the way we envisioned—in a way that is socially equitable and reflective of our state’s diversity.”The initial rules aim to address anticipated barriers to entry in the state’s forthcoming adult-use cannabis market in a few different ways.First, the CRC will prioritize applications from certified minority-, women- and disabled veteran-owned businesses, as well as from applicants who live or will locate their business in one of several designated “Impact Zones” or economically disadvantaged areas.“We are pleased to see the Cannabis Regulatory Commission is prioritizing applications from minority-, women- and disabled veteran-owned businesses,” John Fanburg, co-chair of the Cannabis Industry Practice at Brach Eichler, said in a public statement. “It is a recognition as to the failed efforts of prohibition when it comes to cannabis and its impact upon the minority community.  We are hopeful that as this process continues to evolve the commission will update their rules and regulations to be more reflective of the industry and the population of applicants going forward.”The regulations also include flexible application requirements for microbusinesses and those applying for conditional licenses, as well as application fees as…

Excerpt only …
READ MORE BELOW
Source : New Jersey Adopts Initial Rules for State’s Adult-Use Cannabis Program

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.