TRENTON, N.J.
The five-member commission, which was established under a February law, voted unanimously to approve the the 160-pages of regulations.
Application fees were designed to be low to encourage small business owners, and not just major firms, from applying, with fees as low as $100.
The regulations will allow alternative treatment centers already operating in the medical marijuana market to sell recreational cannabis, but only after certifying they have enough product for medical patients.
Also under the bill, the Cannabis Regulatory Commission can levy an excise tax, the amount of which will depend on the cost per ounce of cannabis.