New Jersey Medical Cannabis Business & Marijuana Legal News

MMJ expansion moves forward in NJ, cannabis banking, Canada shortages toll & more

New Jersey legislators advance a medical marijuana program expansion, state banking associations get behind federal banking reform, Canada’s cannabis shortage has international implications – plus other important news from around the industry. New Jersey MMJ expansion on track The Garden State’s legislature is moving toward approving a major expansion of its medical cannabis program, which to […]

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New Jersey Assembly approves medical cannabis expansion

The New Jersey Assembly on Thursday voted 65-5, with six abstentions, to expand the state’s medical marijuana program, a measure that could significantly boost sales in what has become a fast-growing market. The measure paves the way for the state to issue additional business licenses, cannabis home delivery and a more-liberal MMJ recommendation process. MMJ […]

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New Jersey medical marijuana expansion bill gains traction

New Jersey lawmakers advanced a bill out of two committees Monday that would expand the state’s medical cannabis program. The measure includes a provision to transfer the program’s oversight from the state Department of Health to a dedicated regulatory commission, according to NJ.com. It also would expand the number of companies providing medical marijuana. The […]

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New Jersey medical cannabis rules to allow separate business permits

New Jersey regulators issued medical marijuana rules aimed at increasing MMJ entrepreneurial opportunities, product supply and access in a market that has more than doubled in patients since Gov. Phil Murphy took office in January 2018. The rule changes, which are the result of an executive order from Murphy, include: Creating separate permits for cultivators, […]

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New Jersey will need 100 cannabis growers if adult use is legalized, regulators say

If New Jersey legalizes recreational marijuana, a move that’s been discussed for months and has a new deadline, roughly 100 new cannabis cultivators would be needed, according to an estimate from state officials. That’s in addition to the 35 or so growers needed to supply the expected expansion of the medical cannabis program. According to […]

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NJ forecasts need for up to 90 more medical marijuana dispensaries by 2022

New Jersey needs to add 50 to 90 medical cannabis dispensaries in the next three years and more cultivation facilities to keep pace with current market demand, according to a state report issued this week that holds out the possibility of additional MMJ business opportunities. The report, released by the New Jersey Department of Health, […]

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Decision day for New Jersey? $1.5 billion recreational cannabis market at stake

New Jersey lawmakers could vote as soon as Monday on whether to legalize adult-use marijuana, with hundreds of millions of dollars of new cannabis business opportunities at stake in the decision. Marijuana Business Daily projects a legal recreational industry in New Jersey could potentially generate $1.2 billion-$1.5 billion in annual retail sales by 2023. But the outcome […]

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