Cannabis regulators in New Jersey voted last week to double an excise fee charged to cultivators that sell cannabis to other license holders; the proceeds of such sales go into a social equity fund, according to regional business publication NJBiz.
Social equity businesses also will be the first in the billion-dollar market to apply for consumption-lounge licenses beginning Jan. 2, the New Jersey Cannabis Regulatory Commission (CRC) announced at its Dec. 12 meeting.
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The CRC’s move to accept applications that would allow retailers to permit on-site consumption follows regulations first proposed two years ago.
Marijuana consumption lounge rules
New Jersey would be the 12th state to permit consumption lounges.
There are about 200 licensed marijuana stores in New Jersey, NJBiz reported; it’s unclear
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