Vin Gopal voted Yea (Passage) on this Legislation.
Title: Amends Certain Restrictions on Cannabis Establishment Owners
Signed by Governor Phil Murphy
Title: Amends Certain Restrictions on Cannabis Establishment Owners
Vote to pass a bill that amends certain restrictions on cannabis establishment owners.
Authorizes any individual investor, or investor group to own up to 35% equity in up to 7 diversity-owened class 5 cannabis retail licenses, while simultaneously authorizing the 35% equity holder to provide loans or license intellectual property (IP) to the very same license holders provided that terms are commercially reasonable (Sec. 19).
Specifies that the provisions of this bill shall take effect immediately upon passage and approval of the governor (Sec. 19).
Title: Amends Certain Restrictions on Cannabis Establishment Owners
Vote to pass a bill that amends certain restrictions on cannabis establishment owners.
Authorizes any individual investor, or investor group to own up to 35% equity in up to 7 diversity-owened class 5 cannabis retail licenses, while simultaneously authorizing the 35% equity holder to provide loans or license intellectual property (IP) to the very same license holders provided that terms are commercially reasonable (Sec. 19).
Specifies that the provisions of this bill shall take effect immediately upon passage and approval of the governor (Sec. 19).
Title: Amends Certain Restrictions on Cannabis Establishment Owners