New Jersey legislators abandon their current efforts to legalize recreational cannabis, Arkansas finally sees first medical marijuana sales, MJ-infused edibles expand into new states – plus other important news from around the industry.
No-go in NJ
Garden State lawmakers conceded this week that legalizing adult-use marijuana isn’t going to happen via a legislative move in the near term, setting the stage for a potential voter referendum in 2020.
But the state has a Plan B: Expand a medical marijuana program that has gained plenty of traction since Gov. Phil Murphy took office in early 2018 and increased qualifying conditions.
MJBizDaily takeaway: Expect New Jersey to expand the number of medical marijuana licenses to keep pace with a surging patient base.
In December, regulators awarded six new licenses, doubling the number serving the market. Forecasts estimate the market