The Cannabis Regulatory Commission says N.J. is short by 100,000 pounds of weed to meet the demands of medical and recreational marijuana.
to sell adult use weed from eight alternative treatment centers that now sell medical marijuana.
“We’re a year and half into this since the November 2020 constitutional amendment to open the adult weed market in New Jersey,” Scutari said in a separate phone call to NJ Advance Media. “Self-imposed deadlines have passed.” In a Friday note to investors, Cantor Fitzgerald analyst Pablo Zuanic wrote that 100,000 pounds of marijuana is “worth as much as $400 million more than the size of the state’s current medical market – certainly, not something that could be achieved in a matter of weeks.”
“We can only wonder about the motivations/intentions of the CRC and constant delays,” wrote Zuanic. “Without having all the facts, it would seem the CRC may want to delay the recreational head start for medical incumbents, in order to narrow the time gap with new social equity applicants starting operations.”
Brown said during the two-year pandemic, “there were no long-term closures of facilities, no market-wide shortages of product, and patients continued to access their medicine.” Brown said the state’s “most vulnerable patients” were at risk and the consequences could be dire if they can’t get medical marijuana.
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