New Jersey is on the Verge of Legalizing Recreational Cannabis

Additionally, 51% of voters are in favor of expunging previous convictions for offenders charged with cannabis-related offences.

New Jersey is preparing for its upcoming cannabis legalization referendum, and according to recent polling it looks like the measure is going to pass by a landslide.

Up to 65% of New Jersey voters were found to currently support the introduction of legalized cannabis, while just 29% are opposed.

Legalization would right those wrongs while also spurring massive economic development opportunities, job creation, and new tax revenue. Now, we have the opportunity to get this done and finally legalize adult-use marijuana here in the Garden State, and I need your help to make it happen. New Jersey Governor, Phil Murphy

The results of the survey—which was commissioned by law firm Brach Eichler LLC—echo several previous polls conducted by the organization, and were also found to be statistically consistent with a study from Fairleigh Dickinson University, which identified three-to-one support for the referendum.

Additionally, 51% of voters were also found to be in favor of expunging previous convictions for offenders charged with cannabis-related offences.

"After election day it is imperative that our legislature move to create the most efficient, safe and regulated marketplace to capture the tri-state cannabis business," Brach Eichler Executive Committee Member Charles Gormally said.

"The Brach Eichler Cannabis Poll, which has consistently reported overwhelming support for legalizing cannabis, today again confirms that New Jersey voters support this long overdue change by a significant margin."

"It is clear that home rule is a topic that needs to be more fully addressed. Cannabis businesses are going to need an immediate understanding of local politics and community issues before embarking on plans for certain parts of New Jersey."

In response to this outpouring of public support, a new group known as the New Jersey Cannabis Trade Association —which is comprised of various alternative treatment centres and cannabis clinics located throughout the state—announced its official launch earlier this week.

The associated clinics had previously come together in March 2020, after putting their weight behind a joint statement urging the Department of Health to allow home delivery for medicinal cannabis patients.

"It took us awhile, and we had a pandemic, had a lot going on. It now is an official, formal trade association," cannabis industry consultant Susanna Short said.

"Certainly, legalization is part of what's bringing us together at this time and in this way. It [the organization] would extend beyond the enabling legislation."

"There's always a need to make sure that policies work in practice. One of the driving forces behind getting this group together was to have a unified voice among the operators, to have a voice to help develop policies that work in real life."

This pot stock could reach new heights in 2020 due to Coronavirus

The COVID-19 pandemic is showing no signs of slowing down, and as global markets enter meltdown many cannabis companies are feeling the effects of capital crunch.

While the market crash will continue for some time, it represents a golden opportunity for investors who are capable of riding out the volatility until share prices rally.

Luckily, one pot stock has developed antimicrobial drug that can already treat two superbugs while limiting their ability to develop antibiotic resistance.

Investors can also start picking up shares at rock bottom prices, as global investor sentiment continues to dampen thanks to COVID-19.

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Hugo Gray
Hugo Gray

Hugo Gray is a Melbourne-based journalist with a body of work that covers a diverse range of topics, including immigration law, sex technology, and now the rapidly expanding cannabis industry.

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