NJ approves first 68 cultivation licenses
The current license awardees are approved on a conditional basis, with annual licenses expected to follow inside of a four-month period.
The current license awardees are approved on a conditional basis, with annual licenses expected to follow inside of a four-month period.
“With inflation being whatever it is on everything else, that discretionary income basically goes to zero for many people. But we know that cannabis consumers do not just stop consuming cannabis. They look for another alternative resource at a lower price,” said Mazin.
“How are people going to make it to the top when lawyer fees cost $40,000 to start? The average person is not going to have that, let alone be able to secure property first.”
“It would probably destroy that program. They might be able to survive by becoming suppliers for the adult used market, but why would anybody stay a patient?”
The acquisition will significantly expand Cresco’s operations west of the Mississippi, adding new dispensaries in Missouri, Utah, Arizona, California, and making it the largest holder of dispensary licenses in Colorado.
“I know the state has auto-expungement that has been implemented with some success and there are a lot of groups that have hosted expungement events with success, but there are lawyers and costs for venues.”
There are about nine New York municipalities along the Massachusetts border, none of which opted out of the new adult use market, unlike the 57% of New York municipalities that voted to bar retail adult use sales.
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“There certainly is a trend in the industry overall for lab shopping, or finding a lab that will give you the results that you want. Is there a good incentive for honesty in the industry? No, not directly”
The announcement also left open a door to more changes to social equity requirements, as it stated applicants may be required to meet, “alternate criteria which will be described in the upcoming release of the new adult use lottery rules.”