New Jersey Issues 14 New Medical Cannabis Business Licenses


<![CDATA[The New Jersey Cannabis Regulatory Commission (CRC) issued 14 long-awaited new medical cannabis business licenses Oct. 15.Nearly 200 entrepreneurs applied for the licenses when the process launched two years ago, according to an report, and the CRC ultimately awarded 10 cultivation licenses and four vertically integrated licenses on Friday.The cultivation licenses went to Hillview Med INC., CYOURN LLC, GSCC Management LLC, NJ Nectar Ventures LLC, Noble Valley Harvest Company, Green Medicine NJ LLC, ZY Labs LLC, the NAR Group Inc., Bloom Medicinals of PA LLC and Garden State Releaf LLC.The vertically integrated licenses, which allow businesses to grow, manufacture and sell medical cannabis, went to Etain NJ LLC, Atlus New Jersey LLC, Holistic NJ LLC and Greenhouse Wellness NJ LLC.All 14 licenses were awarded to minority- or women-owned businesses, reported.The CRC approved the licenses in a 4-1 vote, according to the news outlet. Officials originally planned to license up to 24 new cannabis businesses—15 dispensaries, five cultivators and four vertically integrated companies—but at the commission’s Oct. 15 meeting, CRC Director Jeff Brown proposed licensing 10 cultivation sites to meet patient demand.The licensing round began in mid-2019, and by November of that year, regulators had narrowed the pool of applicants to roughly 150, reported. However, several rejected applicants filed a lawsuit alleging that the Department of Health, which oversaw New Jersey’s medical cannabis program at the time, wrongfully denied their applications due to a technical error.A court then halted the licensing process for more than a year before ruling in favor of the Department of Health in February, when it decided that only one rejected applicant had to be placed back into the pool, according to after the court case was resolved, transitioning the state’s medical cannabis program under the authority of the CRC delayed the licensing…

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Source : New Jersey Issues 14 New Medical Cannabis Business Licenses

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