Tag Archives: New Jersey Cannabis Regulatory Commission

New Jersey Cannabis: Drastic Expansion in License Ownership Rights

Both Houses of the New Jersey Legislature just passed a law that would allow anyone – including operators already holding other licenses in the State of New Jersey – to obtain ownership in up to seven (7) diversely-owned Class 5 Retail Licenses.

By way of background and reminder, the current regulations promulgated by the New Jersey Cannabis Regulatory Commission (“CRC”) prohibit an owner (holding 5% or more equity) of one entity holding a cannabis license from being an owner in any other entity applying for or holding a cannabis license.… More