Murphy says cannabis industry will fuel N.J.’s economy as he begins 2nd term

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Murphy says cannabis industry will fuel N.J.’s economy as he begins 2nd term
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Gov. Murphy gave a nod to the state's nascent cannabis industry in two high profile speeches as a big economic engine for the Garden State.

In both his State of the State address and second inaugural speech this month, Gov. Phil Murphy stated he looked forward to the number of jobs the cannabis industry will create in New Jersey.

Seven days earlier, in his State of the State address, Murphy said of adult-use cannabis: “Many jobs await in the cannabis industry to take off.” Others have estimated the new industry has the potential to create tens of thousands of jobs, including those in cultivation, manufacturing, distribution and sales, among others.

The Cannabis Regulatory Commission was set up last year to provide the regulatory framework for the industry, including awarding licenses through a competitive application process that’s underway. The CRC’s next public meeting is Jan. 27. It is scheduled to open applications for dispensary licenses on March 15.

“Gov. Murphy knows what we hope most, if not all municipal leadership understands: the regulated cannabis industry can be an economic engine for physical redevelopment, job training, and job creation,” added DeVeaux.

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