When will everyone be able to (legally) get their hands on weed in New Jersey? Here's what we know.
New Jersey lawmakers purposefully left deadlines out of marijuana legislation. They were concerned, in part, that a rush to allow legal sales would lead to supply shortages and long lines, Goldstein said. Despite the lack of deadlines, Goldstein as well as officials with the state's CRC expressed optimism following the April 11 approvals that"opening day" for recreational weed could come by early May.
Supply problems create the most worrisome issue for prospective buyers in the months ahead. Also, frustrations for mom-and-pop retail shops could mount if licenses for smaller pot businesses are not issued for awhile, Goldstein and DiPisa said.There are currently only medical marijuana dispensaries operating in New Jersey. Those are run by eight national companies, which combine to have 23 locations throughout the state.
In fact, the CRC has issued 102 conditional approvals, which include dozens of small start-up businesses. But DiPisa said significant hurdles remain for start-up retailers, including securing zero- and low-interest loans and gaining local permits from municipalities to open. Conditional approvals are not the same as the seven approvals handed out April 11 by the CRC, and are just an initial step in the regulatory process toward a state license. DiPisa said a way to improve the process for dozens of smaller prospective retailers is to free up those advantageous loans during the conditional approval phase. That is not currently the case, he said.
"The CRC may have wanted to have a broader opening day" that included other retailers, he said, but the commission doesn't really have much wiggle room because of the way the law is written.Acreage CCF New Jersey
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