New Jersey Lawmakers Send Marijuana And Psilocybin Bills To Governor
Marijuana Stocks, Finance, & InvestingUncategorized December 19, 2020 MJ Shareholders
New Jersey is one step closer to launching legal marijuana sales as approved by voters last month after the state Senate and Assembly passed landmark legislation Thursday to establish a framework for the new market. The proposal now heads to the desk of Gov. Phil Murphy (D) for his signature.
Both chambers of legislature also approved separate bills to decriminalize possession of up to six ounces of marijuana and reduce criminal charges for the possession of psilocybin. The two provisions were once parts of a single measure, but lawmakers spun off the psychedelic mushroom component into standalone legislation after some took issue with pairing them together.
The marijuana sales legislation (A21/S21)—passed by the Assembly on a 49–24 vote, with six abstentions, and approved by the Senate with a 23-17 tally—is by far the most sweeping of the bills. It has also generated some controversy. Introduced by sponsors just days aftermore than 67 percent of voters approved a marijuana legalization referendum on Election Day, it ran into repeated delays over concerns about social equity, licensing rules and drug testing of workers.
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