NJ’s cannabis industry is set to take off. Who can play? What do employers need to know? | State & Regional




Murphy, lawmakers say they reached deal on cannabis bill

Heather Randazzo, a grow employee at Compassionate Care Foundation’s medical marijuana dispensary, trims leaves off marijuana plants in the company’s grow house in Egg Harbor Township in 2019.




Gov. Phil Murphy is expected to sign two bills before New Year’s Day that will give birth to a new recreational marijuana industry in the Garden State and decriminalize the possession of up to 6 ounces of cannabis.

The bills, which received strong bipartisan support in the state Assembly and Senate, will initially create 37 licenses for firms that can both grow weed and sell it.

Somehow, those licensees will have to produce enough marijuana to satisfy existing medical marijuana patients and an adult-use marketplace that some industry analysts believe could grow to be worth $2 billion annually.

Bill Caruso, 46, is a lawyer and lobbyist who heads the cannabis practice at Archer Law of Haddonfield. Caruso has been involved with the legalization effort in the Garden State since the beginning of his law career.

The Inquirer spoke with Caruso about how he sees the industry evolving in the new year, what opportunities will be available for aspiring cannabis entrepreneurs and what employers should know about marijuana’s potential impact on the workplace.

ATLANTIC CITY — Two men were arrested Saturday after police allegedly found them with two lo…

Much remains unknown. Such basic questions as the criteria for giving out licenses or the size of licensing fees, if there are any, are unresolved.

Let’s start with the first cannabis question on everyone’s mind: How soon will people be able to buy legal recreational marijuana in New Jersey?



Source link

About the Author: admin

You might like

Leave a Reply