NJ Real Estate Considerations After Cannabis Legalization

Law360 (May 1, 2018, 2:36 PM EDT) -- The likelihood of legalization of cannabis in New Jersey under state law necessitates the consideration of many legal issues. Aspects of legalization that are often overlooked, given New Jersey's unique real estate regulatory regimen, are the potential real estate considerations resulting from the cultivation, production and sale of cannabis if permitted under New Jersey, as opposed to federal, law.

Governor Phil Murphy has promised to legalize the production and sale of cannabis in New Jersey within his first 100 days as governor. On Jan. 4, 2018, U.S. Attorney General Jeff Sessions rescinded the so-called Cole Memorandum, which changed federal law enforcement priorities...

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