In the most recent November elections, fully 67% of New Jersey's adult voters came out to say yes to legalize cannabis.
The new cannabis law, signed by Governor Phil Murphy in February, had a deadline of Aug. 21 for the New Jersey Cannabis Regulatory Commission to create its rules and regulations. The commission complied.
However, out of the state's 565 municipalities, 360 have chosen not to allow the creation of adult-use cannabis shops, 115 have not yet decided and only 90 have said yes.
Cantor Fitzgerald analyst Pablo Zuanic shared his “brief thoughts on the coming New Jersey rec (or is it wreck?) program” in his Tuesday note.
“We fear New Jersey may not live up to expectations, at least initially,” Zuanic began.
New Jersey's cannabis sales are expected to start on Feb. 15 at …