Requires Cannabis Regulatory Commission to monitor prices and to establish price cap on prices, under certain conditions, regarding medical cannabis cultivators, manufacturers, dispensaries, and clinical registrants.
This bill requires New Jersey's Cannabis Regulatory Commission to monitor prices for medical cannabis products sold by cultivators, manufacturers, dispensaries, and clinical registrants. If the Commission determines prices are unreasonable compared to actual costs, it must establish a six-month price cap on those entities. The Commission can adjust the price cap during the six-month period and implement multiple price caps as needed. This applies only to medical cannabis entities, not recreational cannabis businesses, and aims to ensure pricing aligns with operational costs.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
Governor
Introduced May 2, 2024
Last action May 2, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
May 2, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Oversight, Reform and Federal Relations Committee
lower
3 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Garnet Hall
DDemocratic
P
Mike Venezia
DDemocratic
P
Will Sampson
DDemocratic
Co
Andrea Katz
DDemocratic
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