Excerpt from Crain’s NY Business quoting DataTrek’s Jessica Rabe:
…. “If the measure passes, the New Jersey Legislature would need to adopt retail regulations, growth limits and so on. Jessica Rabe, co-founder of Wall Street firm DataTrek Research, which tracks the cannabis industry, said that because medical marijuana is already legal in New Jersey it should take only about a year to set up recreational distribution…
….New York and other nearby states will see that they are missing out on tax revenue from sales” if New Jersey moves first, Rabe said.”
Read the full article here on Crain’s NY Business!