This prevents large out-of-state operators from dominating the market, but these licenses are merely a pathway.
Rev.
Indeed, New York State has just created a $200 million equity fund for this purpose, and advocates believe that’s something New Jersey can do.
Murphy has yet to address the clemency request made by non-profits such as the Last Prisoner Project, which should not need to remind him that New Jersey arrested Blacks at 3.5 times the rate of whites for marijuana, despite similar usage rates.
Also, the law states that 60% of the tax revenue from the recreational market must go to “Impact Zones,” which are those areas hit hardest by previous marijuana laws.
The CRC held three regional public hearings in March to solicit input about how the state should spend the revenue, and the suggestions were as diverse as New Jersey itself.
As Kachalia put it, “You don’t get to equity unless you prioritize it from the start.
Social equity is a fantasy in Illinois, where the industry is dominated by large-scale growers, and the flawed lottery system that determines license rewards has been held up by a torrent of lawsuits.
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