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CRC approves dozens of licenses and renewals; board reviews $18.28M budget and market data

New Jersey Cannabis Regulatory Commission · July 18, 2024
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Summary

The commission approved 32 conditional adult‑use licenses, 17 conditional-to-annual conversions, multiple annual approvals and renewals, and reviewed market data showing rising adult‑use sales; the agency’s FY2025 budget is $18,280,000 and staff count is about 70.

The New Jersey Cannabis Regulatory Commission approved a large slate of licensing actions on July 18, including 32 conditional adult‑use licenses, 17 conditional‑to‑annual conversions and a set of annual approvals and renewals.

Director Riggs told the commission that about 2,600 applications have been submitted to date and that a little under 2,000 of those have been approved; staff reported a breakdown of application status across licensing and compliance offices. For adult-use licenses the director listed 1,444 conditionals, 350 conditional-to-annual conversions, 182 annuals and 78 expanded ATCs, and described “a grand total of 277 total operating licenses in AU and medical.”

On the board floor…

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