The bill proposes significant amendments to New Jersey's cannabis regulations, focusing on the licensing and application processes overseen by the Cannabis Regulatory Commission. Key changes include the introduction of nonrefundable application fees for permit applications and conditional permits, as well as a requirement for the commission to make determinations on these applications within specified timeframes. The bill mandates that at least one-third of the total permits issued for each type of medical cannabis permit be conditional permits, and it sets specific requirements for applicants, including documentation of residency and income limits. Additionally, it emphasizes the importance of microbusinesses by ensuring that at least 10% of total permits are designated for them, with reduced fees for microbusiness permits.

Further amendments clarify the authority of municipalities regarding local licensing and endorsement requirements, allowing them to impose separate regulations on cannabis businesses. The bill also establishes a priority system for applicants from "impact zones," defined as areas with historical issues related to marijuana enforcement, and mandates that a minimum of 25% of licenses be awarded to long-term residents of these zones. Other provisions include the removal of certain application requirements, the establishment of guidelines for the sale and advertising of cannabis products, and the introduction of a tracking system for cannabis items to prevent illegal diversion. Overall, the bill aims to streamline the licensing process, enhance regulatory oversight, and promote equitable access to cannabis licenses while supporting local economies.

Statutes affected:
Introduced: 24:6I-7.1, 24:6I-7.3, 24:6I-36, 24:6I-45, 24:6I-35, 24:6I-46, 24:6I-22