New Jersey Cannabis Supply Concerns

​New Jersey’s cannabis legalization program has done very well. Almost too well! Supply is now a legitimate concern.

Steve Schain, a New Jersey-based cannabis attorney with Smart Counsel said, “At this point, New Jersey has been rapidly depleted, and I don’t see a whole lot of other grows.”

Robert DiPiza, co-chair of the cannabis practice at New Jersey law firm Cole Schotz said, “We are going to be in a bottleneck anywhere from the next maybe six to 12 months, maybe even longer.”

New Jersey CannaBusiness Association’s President, Edmund DeVeaux, told MJBizDaily that they are working on options to make, “sure that there are cultivators that are up and running sooner rather than later.” He added that they could potentially take steps to issue more conditional licenses, as well as more conventional, annual licenses, too, to address any potential gaps in the product supply that could come.

But Steve Schain said, “The provisional licensees lack financing and industry know-how to put product on shelves.”

​If New York is able to get their recreational adult use market open and operating later this year, that could alleviate some of New Jersey’s supply concerns. 

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