The continued legalization of recreational and medical marijuana in different states has been an unprecedented process, creating a hotbed for investment that has people clamoring. According to Marijuana Business Daily, income generated from dispensaries and recreational shops is expected to range between $6.5 and $8 billion by 2019. In 2017, the industry generated more than $5 billion through sales. Here are the steps you can take to open a dispensary.
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On January 2010, the Compassionate Use of Medical Marijuana Act (CUMMA) was passed in New Jersey. This legalized cannabis for medical purposes, but the previous administration made it one of the most complicated and restrictive in the country. On March 2018, Gov. Phil Murphy announced changes that will allow the medicinal program to expand. 20,445 patients are enrolled now, but the expected changes will enable more people to ask their doctor to recommend them to the program.
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