
Daniel T. McKillop
Partner
201-896-7115 dmckillop@sh-law.comFirm Insights
Author: Daniel T. McKillop
Date: November 27, 2018
Partner
201-896-7115 dmckillop@sh-law.comOn November 26, the New Jersey Senate Budget and Appropriations Committee and Assembly Appropriations Committee approved the latest version of Senate Bill 2703, which would legalize the possession and non-medical personal use of cannabis for people age 21 and older.
Senate Bill 2703, which would be known as the New Jersey Cannabis Regulatory and Expungement Aid Modernization Act if enacted, is 147 pages long and continues to evolve. Below are some of the key components in the current version of the bill:
The bill cleared the Senate budget committee by a vote of 7-4 with two abstentions. The Assembly budget committee advanced the measure by a vote of 7-2, with one abstention.
While a formal bill has been introduced and is working its way through the Legislature, it is likely to be amended before coming to a floor vote. Several issues — notably the tax rate issue — remain to be resolved.
The Murphy Administration has also yet to sign off on the bill. “It’s too early to tell,” Gov. Phil Murphy said. “We haven’t commented on specifics, but I am very happy that this is moving.” According to Sen. Stephen Sweeney, sponsors plan to secure Gov. Murphy’s support before moving to a final vote.
The last time the full Legislature will meet this year is December 17. If Senate Bill 2703 is passed by both houses on that date it will go to Governor Murphy, who previously set January 1, 2019, as a self-imposed deadline for enactment of legalization legislation.
The Scarinci Hollenbeck Cannabis Law Practice group will be continuously tracking the status of the legislation. We encourage current and prospective members of the New Jersey cannabis industry to check back regularly for updates.
If you have any questions or if you would like to discuss the matter further, please contact me, Dan McKillop, at 201-806-3364.
This article is a part of a series pertaining to cannabis legalization in New Jersey and the United States at large. Prior articles in this series are below:
Disclaimer: Possession, use, distribution, and/or sale of cannabis is a Federal crime and is subject to related Federal policy. Legal advice provided by Scarinci Hollenbeck, LLC is designed to counsel clients regarding the validity, scope, meaning, and application of existing and/or proposed cannabis law. Scarinci Hollenbeck, LLC will not provide assistance in circumventing Federal or state cannabis law or policy, and advice provided by our office should not be construed as such.
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