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 that an entity's prices are unreasonable compared to their actual costs, it can implement a six-month price cap on that business. The Commission may adjust the price cap during the six-month period and apply multiple price caps as needed, with each cap lasting no longer than six months. This applies to all medical cannabis businesses operating under New Jersey's medical cannabis program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 7, 2024
Last action Mar 7, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Mar 7, 2024
Introduced
Introduced in the Senate, Referred to Senate Judiciary Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Troy Singleton
DDemocratic
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