New Jersey’s weed industry is in a ‘doom loop,’ trade group says

for marijuana business licenses in December 2021. Of those, 1,399 applications have been approved, and about 400 are being processed, according to CRC executive director Jeff Brown.

Applicants also often get held up due to factors largely outside of CRC control, such as municipal approval issues, trouble with real estate, and applicants not responding to letters detailing fixes, Brown said. Johnson pointed to Maryland, which started recreational marijuana sales in July. With a population of 6.16 million people,, Johnson estimated. New Jersey has a larger population — 9.2 million — and an older cannabis market, and is pulling in less money, Johnson said.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manager of one of Colorado’s largest cannabis companies to lead New Mexico's cannabis regulatorsNew Mexico has hired Todd Stevens, a manager of one of Colorado’s largest cannabis businesses, to lead the state’s team of marijuana regulators.
Source: FoxNews - 🏆 9. / 87 Read more »