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NJ Cannabis Regulatory Commission approves licenses, ownership changes and renewals; issues fines to two companies
Summary
The commission approved multiple license conversions, ownership changes and renewals, administratively extended five licenses pending litigation, partially granted a waiver for a license affected by a fire, and imposed fines on Verano NJ LLC and OG's brands for regulatory violations.
The New Jersey Cannabis Regulatory Commission approved a broad slate of licensing items at its public meeting, including conversions, ownership transfers, annual licenses and renewals, and also imposed enforcement penalties on two companies for regulatory violations.
The executive director, Chris Riggs, told the commission that licensing activity remains robust: staff reported about 3,000 applications in the portal with roughly 2,500 approved and more than 290 medical and recreational dispensaries open across all 21 counties. After the briefing, the board moved through a series of votes that included two micro-to-standard business conversions (Canopy Crossroad LLC and Dank Poet Dispensary LLC) and 11 conditional-to-annual conversions covering cultivators, manufacturers, retailers and a wholesaler. The board approved seven adult-use annual licenses and a large tranche of annual renewals after staff confirmed completeness and compliance.
Several ownership-change applications were approved after the Office of Compliance and Investigations completed vetting. Commissioner Mapp recused herself…
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