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Bill > S2281


NJ S2281

NJ S2281
Authorizes cannabis cultivation on land receiving farmland assessment; technical assistance for cannabis businesses; and economic incentives to certain businesses operating in impact zones.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill permits cannabis to be cultivated on land receiving a farmland assessment; technical assistance to be provided to certain cannabis businesses in the State; and economic incentives to be provided to minority, women's, and disabled veterans' cannabis businesses operating in impact zones. Current law prohibits medical and recreational cannabis from being cultivated on land that is valued, assessed, or taxed as an agricultural or horticultural use pursuant to the Farmland Assessment Act of 1964. This bill eliminates these prohibitions. Under current law, certain persons and entities that are issued a license to operate as a cannabis cultivator, manufacturer, wholesaler, distributor, retailer, or delivery service; and property owners, developers, and operators of projects that are to be used to benefit these licensees are prohibited from receiving certain State or local economic incentives. The provisions of the bill provide that these exclusions do not apply to persons who are owners of or entities that are minority businesses, women's businesses, or disabled veterans' businesses operating in impact zones. The bill also clarifies that technical assistance provided to a person or entity under the bill is not to be considered a State or local economic incentive.

AI Summary

This bill: 1. Permits cannabis to be cultivated on land receiving a farmland assessment, eliminating the current prohibition on this. 2. Provides that technical assistance to certain cannabis businesses is not considered a State or local economic incentive, and exempts minority, women's, and disabled veterans' cannabis businesses operating in impact zones from the prohibition on those businesses receiving economic incentives. 3. Clarifies that the exclusion of cannabis businesses from receiving economic incentives does not apply to minority, women's, and disabled veterans' cannabis businesses operating in impact zones. The key provisions of this bill are to allow cannabis cultivation on farmland, provide technical assistance to certain cannabis businesses, and offer economic incentives to minority, women's, and disabled veterans' cannabis businesses operating in impact zones, which are currently prohibited from receiving such incentives.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/09/2024)

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