New Jersey Gets More Than 170 Cannabis Dispensary Applications On First Day

New Jersey Gets More Than 170 Cannabis Dispensary Applications On First Day
High Times

New Jersey began accepting applications on Tuesday from individuals hoping to get in on the ground floor of the state’s coming recreational cannabis industry. By day’s end, state regulators had attracted plenty of interest. NJ.com reported that the New Jersey Cannabis Regulatory Commission said that by 4 p.m. on Tuesday afternoon, it had received 172 applications from individuals interested in opening a cannabis retail store. “Today is the day where the CRC (Cannabis Regulatory Commission) portal opens and applicants who wish to apply for a retail license to sell cannabis … are allowed to do so,” said Michael DeLoreto, a director at Gibbons’ Government and Regulatory Affairs Department, as quoted by NJ.com. “This is a day that a lot of businesses have been waiting for.” New Jersey voters legalized recreational adult-use cannabis in 2020 when they approved a ballot measure (three other states –– Montana, Arizona and South Dakota –– likewise passed legalization proposals at the ballot that year). In December, the Cannabis Regulatory Commission began accepting applications for recreational cannabis cultivators, manufacturers and testing labs. The commission said that by early afternoon on the first day of the application period, “the application platform was averaging 155 new users per hour.” Within the first four hours, the commission said that it had received applications from nearly 500 individuals. “We are happy to reach this milestone,” Jeff Brown, executive director of the Cannabis Regulatory Commission, said at the time. “Applications are coming in, the platform is performing well, and we can officially mark the launch of the state’s recreational cannabis industry. Getting cultivators, manufacturers, and testing labs licensed and operating will set the framework and establish supply for retailers who will start licensing in March 2022.” Late last month, New Jersey Gov. Phil Murphy, a Democrat, said that he believed adult-use sales…

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