A 4263 New Jersey General Assembly · 2024-2025 Regular Session

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
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May 2, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Oversight, Reform and Federal Relations Committee
lower
3 primary · 1 co-sponsor

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