This Week: New Jersey Starts Sales of Recreational Cannabis on April 21st, 2022

TRENTON- New Jersey voters passed cannabis legalization in 2020, and you’re probably aware that cannabis can now be legally purchased in the state as of Thursday, April 21st.

The Cannabis Regulatory Commission has approved seven ATCs, totaling 13 medicinal cannabis stores across the state. On April 21st, at least a half-dozen medicinal cannabis dispensaries aim to open their doors to all adults. In addition, the commission granted 102 entities conditional authority to grow or manufacture recreational cannabis.

Every 30 days, registered patients would be able to buy up to 3.0 ounces of cannabis for medical purposes. Starting this week, recreational users will be able to purchase up to 1.0 ounces each purchase.

To buy recreational cannabis in New Jersey, you must be at least 21 years old. According to The New York Times, towns that allow cannabis firms to operate may levy an additional 2% tax on top of state taxes and levies. “The state has received over 320 applications from new firms looking to launch recreational cannabis retail stores around the state.”

However, judgments on those applications are not expected for at least another month, and the stores are unlikely to open for at least a year.”

Governor Murphy’s $49 billion budget, which is now pending in the state Legislature, is expected to generate $19 million in income from cannabis, according to The New York Post.

“We pledged that this market would be built on the foundations of social equity and safety. “Ultimately, we hope to see businesses and a workforce that reflects the diversity of the state, as well as local communities that are positively impacted by this new and growing industry,” said Commission Chair Dianna Houenou in a statement.

“Since December 15, 2021, the CRC has received hundreds of applications for cannabis cultivation, manufacturing, and retail licenses, with only a fraction of those applications receiving conditional license approval to date,” she added.

I’m looking forward to the recreational cannabis program’s further rollout and the opening of places that genuinely reflect the diversity of our state and the communities in which these businesses plan to operate. New Jersey will witness more innovative, fascinating retail experiences for recreational consumers once they are licensed and functioning,” she stated.