In the News

Experts to Cannabis Entrepreneurs: Slow down, build good team, do your research

ROI-NJ

February 24, 2021

In this article, ROI-NJ provides next steps/tips from leaders who advise those operating in the cannabis industry.  Here is what Sills Cummis' Victor Herlinsky had to say:

"Prospective cannabis clients are now going to be scrambling to find prospective locations to site their cultivation facilities, dispensaries and other cannabis-related operations. Before making the investment, operators should make sure that they are aware of the past/current local regulations governing cannabis in their specific prospective locations.

The law that Gov. Murphy signed effectively wipes the slate clean, as local ordinances prohibiting the cultivation or distribution of cannabis are now null and void.  Municipalities now have 180 days to reenact these prohibitions or they will be proscribed from enacting such bans for a five-year period.

Now would be an ideal time for prospective cannabis operators to revisit local municipalities to gauge their willingness to site cannabis related facilities in their locales."

Victor J. Herlinsky Jr.
Co-chair, Cannabis Industry Practice Group
Sills Cummis & Gross P.C.