Nearly 50 weed stores are now open. The time to invest in N.J.’s cannabis industry is now

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NJCBA president: The New Jersey cannabis industry is accomplishing great things every day, all while neighboring states struggle to get their own industry going.

debates whether to legalize recreational cannabis at all. New Jersey is flourishing at just the right time.After New Jerseyans overwhelmingly voted to approve legalization in 2020, the Legislature had to craft a bill that would lay out just how legalization would take place in our state.

This, coupled with allowing towns to decide if they wanted cannabis businesses at all, was meant to encourage more cannabis commerce across New Jersey. Some municipalities, however, have used this to create cumbersome rules and regulations that make things difficult. Moreover, groups like the New Jersey CannaBusiness Association, the state’s largest business trade group, are taking active measures to engage and inform local officials about the cannabis industry.

Many cannabis entrepreneurs simply do not have the capital to get their business up and running, which often takes hundreds of thousands if not millions of dollars.

 

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