New Jersey approves 7 facilities for recreational marijuana sales

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New Jersey approves 7 facilities for recreational marijuana sales
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New Jersey regulators gave a green light this week to seven facilities that already sell medical marijuana to also sell recreational cannabis, although it's not clear exactly when sales would begin.

Sales could start in a matter of weeks or longer, but a specific date wasn't set at the New Jersey Cannabis Regulatory Commission's vote during a remotely held meeting. Three of the facilities, known as alternative treatment centers, are in the northern part of the state. Three are in the south, and one is in central New Jersey.

Retail sales for the general public would start in 13 dispensaries operated by the seven treatment centers across the state. How much money the state will get in tax revenues from recreational marijuana isn't clear. Murphy's fiscal year 2023 budget, which is pending before the Democrat-led Legislature, estimates revenues of just $19 million in a nearly $49 billion budget. In 2019, as legalization of recreational marijuana was still just pending before voters, he had estimated about $60 million in revenue.

The vote comes about a year after the commission started operating, and a year and a half after voters overwhelmingly approved a ballot question to permit recreational marijuana for people 21 and older.

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