The top cannabis regulator in New Jersey is projecting that “this is the year” the state will “reach and surpass” a $1 billion annual cannabis sales milestone—even as he throws cold water on the prospect of federal legalization “anytime soon.”
Jeff Brown, executive director of the New Jersey Cannabis Regulatory Commission (NJ-CRC), said during a public hearing on Thursday that he wants to ensure the state cannabis industry is best positioned to compete in the years to come, and he cited forthcoming rules to expand edible offerings at retailers as an example of how to achieve that.
He said the proposed edible regulations would provide an “added level of consumer safety and accountability,” with Good Manufacturing Practices (GMP) provisions incorporated just as they are in certain federal cannabis legalization bills.
“It’s something that will set New Jersey’s market up to compete in decades to come,” Brown said. “I’m not counting on federal legalization happening anytime soon, but nonetheless, we want to make sure businesses in New Jersey are prepared to compete whenever that opportunity arises.”
Read more at marijuanamoment.net