Cannabis
New Jersey Cannabis Business Applications
New Jersey’s Cannabis Regulatory Commission (“CRC”) has announced that it will soon begin accepting applications for licensure of cannabis businesses. Recently issued regulations provide a general outline stressing what the CRC will look for in potential licensees, as well as those receiving priority in the process. Who Gets Priority? Specifically, Social Equity Businesses (owned by…
Read MoreNew York Marijuana Law: What Businesses Need to Know
On March 31, 2021, New York State (NYS) became the sixteenth state to legalize marijuana for recreational use. Under the new law, it is legal for individuals age 21 and older to possess and purchase up to three ounces of marijuana, as well as to possess up to five pounds at their residence. Although the…
Read MoreNJ LEGALIZED CANNABIS: OPPORTUNITIES AND CHALLENGES FOR BUSINESSES
In a historic event for New Jersey, Governor Phil Murphy last week signed into law several bills effectively legalizing marijuana in the state. The new laws permit the possession (up to six ounces) and use of marijuana by anyone over the age of twenty-one within the state. The laws also allow the purchase and sale of legal…
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