Prohibits pharmacy benefits managers from operating pharmacy practice sites directly or indirectly.

This bill prohibits pharmacy benefits managers from owning or operating pharmacy practice sites in New Jersey to prevent conflicts of interest and promote fair competition. It requires the state pharmacy board to identify and notify any pharmacies that might violate this rule before July 1, 2027, allowing affected businesses to transition to independent ownership. The legislation includes a temporary exception allowing special permits for pharmacies to dispense rare or limited-distribution drugs that are otherwise unavailable, with this provision expiring on September 1, 2028. Ultimately, the law aims to increase patient choice and lower drug prices by separating the entities that set prescription prices from those that sell medications.