Back in December, we reported that even though the New Jersey Senate and General Assembly had both passed bills legalizing recreational marijuana, the legislation wouldn’t reach the governor’s desk because of an impasse over taxation. In this week’s Cannabis Report, we look at the compromise deal the governor and leaders of the Legislature reached to possibly legalize marijuana this year.
There’s still work that needs to be done in the state’s Legislature, but it looks like New Jersey could be the next state to legalize recreational pot.
Also in this week’s Cannabis Report…
Canopy Growth Corp., one of our First Stage Investor portfolio companies, recently released its quarterly report. But it had a little hiccup that never should have happened…
And Aurora Cannabis is executing its “grow and grow quickly” strategy. But investors may not want to start celebrating just yet.