On November 3 last year, voters in New Jersey overwhelmingly approved a ballot question asking whether the state should allow adults aged 21 and over to sell, possess and use cannabis. The Legislature and Cannabis Regulatory Commission was tasked with creating a regulatory framework for recreational cannabis, with a constitutional amendment that would officially legalize cannabis kicking in on Jan. 1, 2021. However, with lawmakers still negotiating key sections of the legislation, the state still hasn’t passed legislation that would launch the recreational market.
Robert Williams, a retired constitutional law professor at Rutgers Law School, says that nearly two months after voters approved cannabis legalization, the commission hasn’t created any regulations or implemented any laws, a situation he calls “odd.” Although state lawmakers have already…
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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