SLEEKSCAPE'S 2022 CANNABIS & MARIJUANA MANIA GRAND SALAMI -- PART II

[CannaBeast]

New N.J. weed bill: You might be able to buy sooner AND grow pot at home

http://www.nj.com/marijuana/2018/01/big_changes_in_impending_nj_weed_bill_sales_could.html


From Sleek’s Thesis:

MARCH/APRIL/MAY 2018
New Jersey legalizes recreational marijuana via legislature within first 100 days of Governor Phil Murphy’s tenure

Amplitude:
Positive

Duration:
Long

Significance:
MAJOR with a capital MJ -- 9

Direct:
Unless Delaware beats it to the punch, New Jersey would become the first state to pass commercial recreational legalization of cannabis through the legislature.
Cultivation, production and dispensary licenses are included in bill

Indirect:
Proves that Massachusetts was no fluke, now two bigtime northeast states are full-on legal
New Jersey would handily become the 2nd largest state by population to legalize adult use MJ
Has great potential to trigger a state legislative tsunami of recreational cannabis in 2018 as Rhode Island, Connecticut, and Delaware follow suit -- all three could legalize by year end, with Delaware being the favorite to be next
New Jersey and New York are attached at the hip and the discussion around recreational legalization in New York’s legislature will increase significantly (though I don’t expect NY to pass recreational until 2019)
The close geographic proximity to the financial epicenter of America will attract serious money interested in investing in New Jersey MJ
The population density of the NY/NJ metropolitan area is massive and citizens from surrounding states (New York, Connecticut, Pennsylvania) would make the size of the NJ cannabis market absolutely enormous – this also incentivizes those neighboring states to get their asses in gear on legislation lest they lose out on tax money to Jersey cannabis
Takes the baton from California and intensifies the drumbeat of pressure on Congress to reschedule cannabis