S 2921 New Jersey Senate · 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 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
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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
Photo of Troy Singleton
Troy Singleton
DDemocratic
NJ
7