Regulators granted first rec licenses last week, but pushed back day one sales fearing demand will overwhelm current legal supply

New Jersey’s adult-use market took a major step forward last week, (March 24) following the Cannabis Regulatory Commission’s (CRC) latest board meeting. NJ’s cannabis board unanimously awarded 68 conditional licenses for wholesale businesses to cultivate and manufacture recreational marijuana in the state, raising hopes that day one of The Garden State’s rec market is near.

According to a release from the CRC, 37 of the 68 recreational licenses granted Thursday went to “Diversely Owned businesses.” And “among those with a majority stake in those businesses, 33 identify as Black, 9 as Latinx, and 4 as…

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