New Jersey’s farming cap is gone, but real estate issues remain

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The legalization of cannabis in New Jersey first went into effect 2021 With farm cover specified in 37 licenses. Adult sales launched in April 2022, but at that time only seven growers were licensed to supply 13 cannabis dispensaries across the state. Last month, the Cannabis Regulatory Commission (CRC) allowed max Ends February 22nd.

“The market is evolving, and we don’t want to hold that back. New Jersey’s canopy area is currently only 418,000 square feet — well below the average for other states that use legal cannabis,” said Commissioner María del Cid Coso. “New Jersey currently only has one farm license per 197,000 residents. The national average is one license per 31,000 residents. We have plenty of room to grow. We expect that lifting the cap will open up more growers, ultimately leading to better prices and access Better for patients and other consumers.”

As of March 2, the CRC has granted licenses to 17 operational farming facilities. But even with the cultivation license cap change, many New Jersey municipalities have chosen not to use cannabis for adults. One year ago, it was Ashbury Park Press It reported that nearly 400 towns had chosen to be home to any cannabis trade. said Darren Chandler Jr., co-founder and president of Premium Genetics, based in New Jersey MJBizDaily that finding potential real estate opportunities was “near impossible”, and described prices as “fanciful”.

On the patient side, New Jersey remains the only state with a medical cannabis program that does not allow patients to grow at home. In the past, several bills have been introduced to allow home cultivation to allow medical cannabis patients to grow for personal use. Bell S342, which is sponsored by Sen. Troy Singleton and Sen. Finn Gubal, will allow patients to be transplanted at home. However, a report from Politico It states that Senate President Nick Scutari’s opposition is a major hurdle to the bill.

The New Jersey industry continues to attract an outside cannabis business. brands like Viola Harrington Products are expanding into the state this month, starting March 24 at RISE dispensaries. According to Herrington, he wants to expand his brand to support the local community. “I want to make sure we educate our community and empower them with the knowledge to understand the cannabis plant and the benefits that come from it,” said Harrington. Business interested.

similarly, Raekwon from the Wu-Tang Clan It is preparing to open Hashtoria Cannabis Lounge in Newark, New Jersey as well. “I feel excited yall!!! @tweet Coming to Brick City!!!!! This will be the hottest consumer lounge to hit the East Coast. That would be massive! All hail the great green! Be strong, be wise, and be the best version of yourself!!! #New Jersey #cannabis # HashtoriaRaekwon recently wrote on Instagram.

Recently, CRC A public comment period to discuss draft rules For the cannabis consumption rules, which expire March 18. This includes restrictions on food sales on site, but allows food to be delivered or brought in from outside, and bans on the sale of tobacco and alcohol on site.

in Late FebruaryThe New Jersey Attorney General released a file Updated drug testing policy to enforce the law. Under the new revision, law enforcement officers will only be tested if they appear drunk on the job. “Agencies must conduct a drug test when there is reasonable doubt to believe that a law enforcement officer is involved in the illegal use of a controlled hazardous substance, or is under the influence of a controlled hazardous substance, including unregulated marijuana, or cannabis during work hours. ”