New Jersey Considers Increasing Marijuana Dispensaries from 6 to 98
Recreational marijuana legalization could still be a long way off in New Jersey. In the mean time, state lawmakers are considering a new bill that would vastly expand the state medical marijuana program and its revenues. It would increase the number of dispensaries from six to 98.
According to lawmakers, the bill would bring New Jersey’s medical marijuana market more in line with the regulations in neighboring states including Maryland and Pennsylvania. In addition to a dramatic increase in the number of marijuana storefronts, the bill would nearly triple the number of legally permitted medical cannabis growers.
Under the new program, medical marijuana consumers in the state would have access to a greater variety of products, as more companies would be allowed to produce marijuana edibles and extracts on a grander scale.
The plan to significantly expand the number of marijuana storefronts would roll out slowly, giving preference to existing licensed dispensaries. Each dispensary would be allowed to open up to two satellite storefronts, and up to 80 new dispensary permits would be available to new entrants in the market.
Only 40 new marijuana dispensary permits would be granted in the first year. After that, the plan calls for a two-year pause to assess market saturation before issuing more licenses.