May 03, 2024
As a market that the Cannabis Regulatory Commission expects will eclipse $1 billion in sales, increased growth brings additional challenges and opportunities in New Jersey. Many asked: How will I compliantly bring on new investors and/or owners? How will I utilize investment incentives newly authorized by the New Jersey Legislature that allow me to compliantly own up to 35% in up to seven cannabis businesses? How will I appropriately, and compliantly, engage with unions in light of my labor peace agreement and regulatory and statutory obligations? Foley Hoag’s New Jersey Cannabis team discussed: