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N.J. will start accepting applications to run legal weed businesses next month

New Jersey will begin accepting applications to run legal weed businesses next month, bringing the state closer to opening dispensaries and selling marijuana to the public.

The Cannabis Regulatory Commission on Tuesday announced it would open the application process to marijuana growers, processors and testing labs on Dec. 15. It will open applications for dispensaries on March 15.

There are no deadlines to file applications. The commission will accept them on a rolling basis. Only cultivation licenses have a cap: 37 new licenses can be issued between Feb. 2021 and Feb. 2023.

The legal cannabis law set a deadline in September for the commission to begin licensing new businesses. But regulators did not meet it, and instead announced they had adopted a system to help process the applications when the time came.

The cannabis legalization law mandates legal sales begin by mid-February, or six months after the commission adopted its initial rules. But without new businesses, it’s unlikely the state will set a start date for sales by then.

New Jersey currently has only medical marijuana dispensaries and growers. They will get the first shot at selling to the public once they certify they have enough cannabis to meet patient and public demand and pay fees to expand their licenses to the recreational market.

But those dispensaries say they could start selling to the public now, and that they have an excess amount of cannabis stocked up. [Read More @ NJ.com]

 

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