US (NJ): Demand for New Brunswick's retail cannabis licenses exceeds supply

Demand for retail cannabis licenses in the city exceeds the supply, and New Brunswick is in the process of weeding through the applications now that the deadline to submit one has passed.

There were seven applications seeking the only cannabis license for New Brunswick’s Easton Avenue corridor, where Rutgers students tend to live, shop, and dine, said Dan Dominguez, the director of the city’s department of planning, community, and economic development.

Five more applications were made for the two cannabis licenses in the city’s downtown area, he said.

Municipalities across the state had an Aug. 21 deadline to decide whether they would welcome or block future legal cannabis businesses. The deadline was created after Gov. Phil Murphy signed a law on Feb. 22 to legalize recreational cannabis use for adults in New Jersey, as well as allow for the cultivation, processing, and sale of retail cannabis.


Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Twitter Rss

© 2021

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber