New Jersey’s legalized cannabis businesses are officially launched, sort of. The New Jersey Cannabis Regulatory Commission met this week to come up with its first set of official rules to help business owners in the legal game of marijuana begin to prepare to distribute and sell in the state.
The meeting comes after the state voted to legalize marijuana in the 2020 election.
NJ.com reports that the new guidelines were drafted in an effort to help small business owners who feared the monopoly on sales and distribution licenses within the state would go to big wigs already well established in the state. industry. Fortunately, the state had the backs of small businesses with this one.
Apparently, the current New Jersey medical marijuana companies are not owned by anyone within the state itself. The new set of laws established that New Jersey will only have 37 licensed marijuana growers over the next 12 years. Since 12 of the licenses currently here in the state are not held in the state, only a few remain to be grown, owned and operated locally.
The commission also established rules for consumers. At first, people assumed that the same rules that are already in place for tobacco products would be in place for purchases of marijuana. We now know that is not the case. While people 19 and older can purchase tobacco, it has been determined that only people 21 and older will be able to purchase marijuana products. In addition, they will only be able to own one ounce at a time.
To view all the rules established so far for purchasing as well as for small businesses, click HERE.
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