ULI Northern NJ’s Women’s Leadership Initiative - What's Next? Recreational Cannabis in the Garden State: Opportunities & Challenges for the Commercial Real Estate Industry

ULI Northern NJ’s Women’s Leadership Initiative

What's Next? Recreational Cannabis in the Garden State: Opportunities & Challenges for the Commercial Real Estate Industry

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On November 3, 2020, New Jersey voters approved New Jersey Public Question 1, an amendment to the State constitution to legalize the recreational use of cannabis by people ages 21 and older, with 67% voting yes and 33% voting no. In 2021, 70% of municipalities voted to opt out of allowing cannabis in their city or town. Yet, most of these municipalities are expected to opt in in the near future. Why?

Why was the opt out rate by municipalities so high after the majority of New Jerseyans voted “yes”?

What are the opportunities for cannabis and real estate for planners, developers, business owners, and real estate funding sources?

What are the barriers and how have some municipalities and organizations overcome them?

Is your organization prepared to respond?

For answers to these questions and much more, please join ULI Northern New Jersey's Women's Leadership Initiative on February 24, 2022 for the first in a series of ULI NNJ timely programs covering what's happening now and what's next for the Garden State in the cannabis industry. Topics will include an introduction to the recreational cannabis industry highlighting national best practices and highlight N.J's unique position within the cannabis space. This session will be a rare opportunity to get on the inside track from subject matter experts since there have been many barriers to getting good, relevant information disseminated in a timely manner.

Will new industrial warehouse space need to be constructed? What are the opportunities for NJ rural communities? What will the affect of impact zones be? Join us to hear these thought provoking questions asked and answered by the State's leading land use professionals as well as case studies and lessons learned from Montclair, NJ, a municipality that initially opted in.

AICP CM pending

Moderator:

Lisa Diaz, MPH

Panelists:

Michele Delisfort, PP, AICP - Principal & Managing Partner, Nishuane Group

Charles Latini, PP, AICP - Partner, InField Cannabis/ Owner, L & G Planning Associate Director, Cannabis Advisory Group

Mike McQueeny Esq. - Counsel, Foley Hoag LLP