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MEMORANDUM TO: FROM: SUBJECT: DATE:Cannabis Regulatory Commission Board Christopher Riggs, Acting Executive Director Cover Memo: Recommendation to Consider Cannabis Business License Awards DECEMBER 12, 2024OVERVIEW On August 19, 2021, the New Jersey Cannabis Regulatory Commission (herein referenced as the Commission or CRC) adopted rules pursuant to P.L. 2021, C.16 which established the licensure process for cannabis businesses and testing laboratories. N.J.A.C. 17:306 through 7 outlines
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Commission or CRC adopted refers to the regulatory frameworks and guidelines established by a governing body for the approval and oversight of certain practices or transactions, often related to financial activities or organizational conduct.
Typically, organizations, businesses, or individuals engaged in activities that fall under the jurisdiction of the commission or regulatory body are required to file the commission or CRC adopted.
To fill out commission or CRC adopted, individuals must provide necessary information as outlined by the governing body, ensuring accuracy and completeness in sections related to identification, activities, and compliance with regulations.
The purpose of commission or CRC adopted is to ensure compliance with regulatory standards, promote transparency, and protect the interests of stakeholders involved in the transactions or activities covered by the commission.
Information that must be reported typically includes identification details of the entity or individual, description of activities, compliance status, financial data, and any relevant agreements or contracts.
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