In the November 2020 elections, some 67% of New Jersey's adults voted in favor of cannabis legalization.
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, some 32 cities and towns have chosen not to allow the creation of recreational cannabis programs in their towns, although they have the right to change their decisions in the future and jump back in.
Cantor Fitzgerald analyst Pablo Zuanic shared his notes from the last week’s New Jersey cannabis conference in his Sunday analyst note.
MSO Incumbents In Advance If The Program Starts On Time
“Multi-state operator incumbents in New Jersey should have a great head start if recreational sales begin on time by …