For New York cannabis farmers, flowers are not without thorns
As more cultivation licenses are granted with the roll out of adult-use, farmers are curious to see how they impact greenhouse growers and outdoor operations differently.
As more cultivation licenses are granted with the roll out of adult-use, farmers are curious to see how they impact greenhouse growers and outdoor operations differently.
The three-phase elimination of the sales tax was delineated in the Jake Honig Compassionate Use Medical Cannabis Act signed into law by Governor Murphy in 2019.
Grown In obtained emails from a private source that indicate that at least one of the Independent Operators is considering selling their new dispensary permits to multi-state operators if the legislation passes.
The group filed for an election through the National Labor Relations Board on June 22nd and are waiting on an election date.
Grown In obtained a list from the state of 33 Cannabinoid Hemp Processors who currently have a license.
Since New Jersey’s cannabis industry is not vertically integrated, applicants looking to break into the market will have to decide if they want to pursue growing and processing or distribution, delivery, and wholesale.
The fund will be supported by up to $50 million in licensing fees and revenue from the adult-use cannabis industry and up to $150 million from the private sector.
The Board also announced that NBA All-Star Chris Webber will manage the Social Equity Cannabis Investment Fund, which will help those who have conditional adult-use retail licenses meet the costs of establishing dispensaries.