It’s A Green Day In New York: 137 Cannabis Licenses Granted, New Jersey Still In The Lead
In a landmark move for the cannabis industry, New York and New Jersey have granted 137 new cannabis licenses – 36 in New Jersey, 101 in New York, signaling a significant expansion in the adult-use market.
New Jersey’s Leap Forward
The New Jersey Cannabis Regulatory Commission (NJCRC) celebrated its third anniversary by approving 36 new weed licenses for operation in the adult-use market, reported HEADYNJ.
These licenses are in addition to the 120 retail stores already operating in New Jersey. With 131 applications under review and another 303 needing more information, there is both social interest and pressure.
Despite the award of 548 annual licenses, nearly 72% of these are yet to open due to town approval and construction issues.
Yet, the state has made significant strides with 236 operating licenses and permits issued, demonstrating a commitment …