Horticultural, retail, biotech, pharma, and other companies located in the diverse cannabis industry have long anticipated and increasingly prepared for adult-use legalization in the state of New Jersey. Two formal moves have brought New Jersey closer to an adult-use industry: Governor Murphy’s appointments to the coming Cannabis Regulatory Commission and the legislature’s joint advancement of the New Jersey Cannabis Regulatory, Enforcement Assistance and Marketplace Modernization Act (the “Act”). Both moves will direct the establishment of an equitable adult-use cannabis market.

Only two days after New Jersey voters approved adult cannabis use, the Act was introduced in both the State Assembly and the State Senate.