New Jersey Lawmakers are Currently Working to Finalize Pair of Key Marijuana Bills
After months of debate, marijuana legalization is so close you can almost smell it. New Jersey lawmakers are currently working to finalize the medical marijuana program expansion bill and the adult-use legalization bill, which will be introduced as a package deal. According to Sen. Steve Sweeney, a vote will hopefully take place later this month.
Sen. Sweeney also maintains that he has the votes to pass the pair of bills. “There’s some people that will never support it and there are some people who are just hedging their bets because there’s not a bill to look at,” he said in August.
So, what will be in the final bills? While the points below are subject to change as the bills are finalized, here is what we know:
There will be language in the bills either requiring or setting a goal of issuing 25% of licenses to women-owned, minority-owned, and/or veteran-owned businesses
The bills will call for licenses to be issued to cultivators, processors, and retailers, and may also include language allowing for licensing of wholesalers
There will not be a cap on the number of dispensaries — the number will be decided by regulators
Regulation will be overseen by a cannabis advisory commission made up of five members (three appointed by the Governor, one appointed by the Senate and one appointed by the Assembly)
At least 10% of licenses awarded will be “micro-licenses” issued to businesses that operate at a small scale
Municipalities will still have a great deal of power to restrict or prohibit cannabis operations within their boundaries, and those that allow it will likely tax the operations on a local level
The bills allow for delivery to patients/consumers
Given the above, it seems that the Legislature is significantly broadening the opportunities for those who want to participate in New Jersey’s legal cannabis market, and particularly for those who want to operate on a smaller scale than the current large institutional participants.
The bills will likely be finalized in the next several days and then will be sent to Governor Phil Murphy for review. Then, they will be introduced in the Legislature, debated, and voted upon. The final step is Gov. Murphy’s signature.
The Scarinci Hollenbeck Cannabis Law Practice group will be continuously tracking the status of the bills. We encourage current and prospective members of the New Jersey cannabis industry to check back regularly for updates.
If you have any questions, please contact us
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.
SEC Takes Actions Against Issuers for Failure to File Form D
In December, the U.S. Securities and Exchange Commission (SEC) announced charges against two privately held companies for failing to file a Form D notice, which is generally utilized for exempt securities offerings. Here, the SEC’s enforcement sends a strong message: compliance with regulatory requirements is not optional and failure to comply can have significant consequences. […]
Redefining Labor Relations: NLRB's Pivot from Abruzzo’s Memoranda
On February 14, 2025, the Office of General Counsel (OGC) of the National Labor Relations Board (NLRB) under Acting General Counsel William B. Cowen issued Memorandum 25-05, “New Process for More Efficient, Effective, Accessible and Transparent Case handling.” The Memorandum rescinds nearly all of the Memoranda issued by his direct predecessor, Jennifer Abruzzo, setting the […]
If you purchase real property from a foreign person or entity, you may be required to withhold taxes from your payment to the seller under the Foreign Investment in Real Property Tax Act (FIRPTA). The federal tax law is designed to ensure that foreign sellers pay any applicable capital gains tax on profits realized from […]
Does Your Homeowners Insurance Provide Adequate Coverage?
Your home is likely your greatest asset, which is why it is so important to adequately protect it. Homeowners insurance protects you from the financial costs of unforeseen losses, such as theft, fire, and natural disasters, by helping you rebuild and replace possessions that were lost While the definition of “adequate” coverage depends upon a […]
Understanding the Importance of a Non-Contingent Offer
Making a non-contingent offer can dramatically increase your chances of securing a real estate transaction, particularly in competitive markets like New York City. However, buyers should understand that waiving contingencies, including those related to financing, or appraisals, also comes with significant risks. Determining your best strategy requires careful analysis of the property, the market, and […]
Fred D. Zemel Appointed Chair of Strategic Planning at Scarinci & Hollenbeck, LLC
Business Transactional Attorney Zemel to Spearhead Strategic Initiatives for Continued Growth and Innovation Little Falls, NJ – February 21, 2025 – Scarinci & Hollenbeck, LLC is pleased to announce that Partner Fred D. Zemel has been named Chair of the firm’s Strategic Planning Committee. In this role, Mr. Zemel will lead the committee in identifying, […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
