Cannabis Economy

Michael Bronstein returns to discuss the fact that he sees the state legislature of New Jersey legalizing adult-use cannabis within 2018. Governor Murphy campaigned on the issue and there’s no question where he stands as far as support. That said, there’s not necessarily agreement on a timeline. What Michael does know is that the New Jersey State Senate President is for it and wants legal cannabis adopted. There’s more of a question in the House. Michael further notes that important bridges have to be built, just like on any legislative agenda. In his view the ultimate legislation must of course speak to licenses and product availability and may also speak to social justice. On product, the lesson has been learned from New York and he feels that there will be flower available in New Jersey.