N.J. will allow more legal weed companies to grow cannabis to boost slowly growing market

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The state Economic Development Authority also announced a grant program to help aspiring business owners once harmed by the war on drugs.

, state officials announced Wednesday they would eliminate the cap on the number of companies allowed to grow weed and make $10 million in grants available to people opening a cannabis business who have been convicted of marijuana offenses or come from poor communities.unanimously voted to abolish the 37-license limit on cultivators, a rule that would have expired later this month.

Anyone can apply for the $250,000 grant program, Cooper said. But the EDA will set aside 40% of the grants for social equity applicants — people who had marijuana convictions or come from disadvantaged communities — and 5% for license holders who plan to operate in “impact zones,” and people who come from communities disproportionately affected by the War on Drugs, she said.

With the growth anticipated in the market this year, fees are projected to rise to $1.5 million this year, Delgado said. The commission will share the recommendations with the governor and legislature, which have the final say on how the money is spent, Delgado said.

 

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All drugs should be legal!!!!

Let private citizens grow their own!

What about residents?

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