Legalizing marijuana in New Jersey will bring about a paradigm change in both retail and logistics industry. For starters, new dispensaries shall spring up around the state and e-commerce houses shall have to make arrangements for delivering cannabis at your doorstep. “Consumption lounges” are also expected to be created although they’ll be is prohibited on college campuses.
All the towns which are planning to show a green signal to cannabis legislation can reap mammoth gains out of this multimillion-dollar industry by shelling out just 3% tax. Atlantic City for example has decided to allot 20% of its hotel and casino space to marijuana. However, all these probabilities shall turn into reality once the 200-page bill receives the conjoined approval of lawmakers.
Chief Architect’s Views
Sen. Nicholas Scutari, the chief architect of the state’s “Cannabis Regulatory and Expungement Aid Modernization Act” revealed in an interview last Thursday, “Clearly we have rounded a corner. I feel good about it.”
According to Scutari, about 10 more votes shall be required between the Senate and the Assembly to pass a positive legislature. He added that, “I can’t say whether there will be hundreds or not. How many liquor stores are in New Jersey? We don’t want too many, but we don’t want people to not have enough so that they have to go to the black market to get cannabis.”
Centralised Decision Maker
Scutari pointed out a five-member commission which shall be liable to take all decisions pertaining to the cannabis regulations. This commission shall have broad power over this upcoming industry and can even control the medical marijuana program which presently serves around 42500 patients. The two sectors shall however be treated separately with tax levied on recreational usage whereas the patients shall be kept exempt.
Home deliveries shall also be regulated by The Cannabis Regulatory Commission within the 10 states which will impart a legal tag to marijuana consumption. However, only certified drivers can drop off the same to adult customers who can purchase a maximum of one ounce at a time.
Coming up with this commission was an extremely tough cookie to crack. It even caused delays in advancement of the bill to the floor over the last six months. Gov. Phil Murphy was in favour of approving legal weed and announced the same during his 2017 campaign. However subsequent provisions were added by lawmakers ceasing his authority to work on the same.
Assembly Speaker Craig Coughlin, Senate President Stephen Sweeney and Murphy came together on last Tuesday to announce that they had reached common ground regarding the constitution of this commission and taxation of cannabis.
Murphy was quoted as saying, “After months of hard work and thoughtful negotiations, I’m thrilled to announce an agreement. … This legislation will establish an industry that brings fairness and economic opportunity to all of our communities, while promoting public safety by ensuring a safe product and allowing law enforcement to focus their resources on serious crimes.” All the five commissioners shall be thus appointed by the governor based on recommendations given by Coughlin and Sweeney.
President of New Jersey Cannabusiness, Scott Rudder held the opinion that, “In Colorado, the first state to legalize, 70 percent of the towns opted out the first year. But last year, there were $1.6 billion in sales. And now more towns want to get back in.” He is hopeful about the fact that approval given by 62% of its residents can be of assistance in getting the legislation passed.
Rudder further added that, “People just need to be comfortable with it. All of our lives we’ve been told cannabis is bad. … It’s something that’s been vilified for the past 81 years, and now we’re using modern data and research to separate facts from fear.”