Utilize the resources below to help educate yourself on the current state of New Jersey’s Adult-Use Cannabis Market prior to our events. This page is updated frequently.
- None yet, as proposed the bills are identical.
- Proposed draft changes have been circulating but nothing is public yet
Current Federal Landscape:
Recent actions by Jeff Sessions have again raised the question about the federal status of state-licensed marijuana businesses. One of our expert panelists, Saphira Galoob, Founder of The Liaison Group, has prepared an excellent article answering many questions raised by last week’s decision to rescind the Cole Memo.
Please view Saphira’s article here. Learn more about Saphira and her D.C. lobbying firm, and be sure to stay for the Q&A at the end of the event on the 25th; Saphira will be taking questions.
To be posted after the event – please check back!
Anticipated Timeline for Legalization in NJ:
- January 11-12: Bills A1348 and S830 introduced
- January 16: Gov sworn in
- Jan-March: Bills A1348 and S830 will undergo debate in their respective houses
- Q1 2018: It will go thru NJ’s legislative process expeditiously – read more about NJ’s process here – http://www.njleg.state.nj.us/legislativepub/legprocess.asp
- Late March – Bill approved by Senate and Assembly / Governor signs into law
- Enactment immediately or within 45 days
- Q2-Q3 2018: MED (Marijuana Enforcement Division) gets created / Rules & regulations begin to be drafted
- Q4 2018: Regulations open for public comment and finalized
- Q1-Q2 2019: Applications available
- Q2-Q3 2019: Applications Reviewed / Licenses Awarded
- Q3-Q4 2019: Operations begin
- Q1 2020: Sales begin
Applications & Licensing:
Applications are expected to be merit-based upon a 100 point rubric. We know that the final regulations will largely be based upon those of Colorado and Nevada. We expect capital requirements in excess of $2,000,000 for producer-processors and $750,000 for retailers as has been the pattern in all Eastern States.
To get a sense for what New Jersey’s final regulations will look like, take a look at Colorado’s Amendment 64 and current rules and regulations below.
- Amendment 64 – the final bill signed approving legalization of adult-use marijuana
- Current rules & regulations for adult-use marijuana in Colorado – 209 pages chock full of precedent
- Application for a retail business – there are several other possible forms that need to be filled based on many situations. You can read more here.