Former AG: Local prosecutors need to step up and shut down New Jersey’s Illegal cannabis market | Opinion
Marijuana Industry NewsNew Jersey July 25, 2022 MJ Shareholders 0
By Chris Porrino and Peter Slocum
When I was attorney general of New Jersey, the discussion surrounding the legalization of cannabis for adult recreational use was just heating up. We knew back then, based on polling of eligible voters, that cannabis would be legalized for recreational use. As I said publicly in 2018, it was not a question of whether it would be legalized, only when and how.
At the time, I was personally agnostic on the issue. Legalization was not up to the attorney general — it was the province of elected officials and the voters. We did not have a strong view against legalization, in part because we understood that the cannabis industry would be carefully regulated. Only safe, tested and approved products would be sold, and only adults would have access.
Yet here we are, some four years later with recreational sales having started a few months ago, and that is not the reality. The illegal market for cannabis is moving out of the shadows and into storefronts. This so-called “grey market” — where the product may be technically legal but the operator is unauthorized to sell — presents risks to consumers and kids in particular cheats on taxpayers and damages the legal cannabis market. [Read More @ NJ.com]
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.