Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CRC presents CEEF findings: social equity excise fee projected to yield $12.4M in FY2026, recommendations to fund grants and loans
Summary
Commissioner Mapp presented the Cannabis Equity and Economic Fund (CEEF) report noting 3,112 recreational applications received, 69% of awardees diversely owned and 23% social equity; the social equity excise fee remains $2.50/oz with projected SEAF balances and recommendations to invest in grants, low-interest loans, job training, public health and reentry programs.
Commissioner Mapp presented the Cannabis Equity and Economic Fund (CEEF) report during the New Jersey Cannabis Regulatory Commission’s April 23 meeting, summarizing revenue projections, awardee demographics and public recommendations for spending social equity excise fee (SEAF) revenue.
Mapp said staff logged 3,112 recreational cannabis applications as of December 2025, that 69% of awardees are diversely owned and 23% are social equity businesses, and that the social equity excise fee has remained $2.50 per ounce as of January 2026.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
