As part of an effort to spur development of New Jersey’s emerging cannabis marketplace, as well as encourage diversity, the Cannabis Regulatory Commission is taking steps to give business owners room to grow. During the regulatory board’s Feb. 8 meeting, members moved forward with several recommendations from its permitting and licensing committee, including allowing the state’s cap on the number of cultivation licenses to expire and improvements to the overall licensing process. Under the state’s cannabis law, the number of companies allowed to hold Class 1 (cultivator) licenses is limited to 37, but presently only 17 businesses are licensed to grow cannabis in New Jersey. The number of licensed operations – six that are medical only and 11 that can cultivate for recreational use as well as medical – is far below other states in the U.S. with legalized markets. Under New Jersey’s cannabis law, there is a limit on the number of licenses for cultivators for a 24-month period, a rule that is set to end Feb. 22. – AARON HOUSTON Under New Jersey’s cannabis law, there is a limit on the number of licenses for cultivators for a 24-month period, a rule that is set to end […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
