Even though there is a law now legalizing cannabis in the state of New Jersey, it could take months, and maybe longer, before cannabis shops open in most towns. This is because the regulations must be made by a commission consisting of five members, and licenses need to be approved.
There is a potential for a lot of money to be made in this novel industry. Some CBD entrepreneurs have begun selling both hemp and CBD products. It was a long process to legalize cannabis in New Jersey for adults. It took three years to navigate political issues surrounding the legalization of cannabis, in what was first thought to be an immediate decision making process.
Then, cannabis was legalized on Monday, February 22, 2021. Minutes before twelve noon, and after some missed deadlines, Governor Phil Murphy signed the legislation that would legalize cannabis for adult recreational use. New Jersey became the first state in the area to accomplish this, and the thirteenth state overall, in the nation.
After much activity on that morning, both houses of the state Legislature approved a final draft demanded by Governor Murphy, that indicates specified penalties for minors who are caught with cannabis. Governor Murphy signed this final draft, as well as two cannabis bills that had been pending for about one and one half months. These were about legalizing the cannabis industry and decriminalizing the possession of cannabis by adults.