New Jersey Passes Bill to Lower Medical Cannabis Costs

Financial support will be available for children, seniors, and crime victims in need of treatment.

Free Book Preview Cannabis Capital

Learn how to get your business funded in the Cannabis economy!
3 min read
This story originally appeared on Benzinga

The New Jersey Senate Health Committee passed a medical cannabis-related bill (S3799) on Thursday to provide financial support programs for children, seniors, and crime victims in need of medical cannabis treatment reported nj.com. 

The Garden State has among the most expensive medical cannabis programs in the country with an ounce costing anywhere from $350 to $500 on average. This can be explained by the sluggish development of the state's medical marijuana program that minimized competition while the demand exploded, according to the outlet. 

In that health insurance does not cover the cost of medical cannabis because it is still illegal at the federal level, many patients in need cannot afford to pay for it on their own. 

 “The cost of medical cannabis, for some people, it’s just not within reach,” Sen. Joe Vitale, who sponsored the bill, said during the hearing. “In most cases, this would be someone who would qualify because of financial reasons or because of an injury they suffered.”

Related: Fuhgettaboutit! New Jersey Legalizes Weed

The details

The bill, which was presented in May and passed an Assembly committee last week, calls for funding to cover medical cannabis costs. Those include:

  • Catastrophic Illness in Children Relief Fund
  • Pharmaceutical Assistance to the Aged and Disabled (PAAD) program
  • Senior Gold Prescription Discount Program
  • Victims of Crime Compensation Office (VCCO)

It is important to note that while each fund should help pay the costs under the bill, it does not require full coverage. For example, PAAD and the senior program would refund dispensaries for medical cannabis products after a patient has paid a copay or provided as much as they can, reported nj.com.

Furthermore, crime victims are also protected by this bill, allowing them to receive reimbursement for medical cannabis costs.

The Cannabis Regulatory Commission and Human Services Commissioner will likely establish a 30-day limit on the amount eligible for the PAAD and Senior Gold programs.

Related: Yes, Medical Cannabis Works. So Why Deny the Anecdotal Evidence?

It doesn't interfere with federal law 

Another bill sponsored by assemblyman Herb Conaway (D-Burlington) noted that since the programs selected under the bill are state-run, refunding medical cannabis expenses should not interfere with the federal law.

 “These programs service those who are often, at least, somewhat financially distressed,” said Conaway during the committee hearing. “The goal is to ensure that the benefits of medical cannabis are available to all who may need it.”

More from Green Entrepreneur
Terry's digital marketing expertise can help you with campaign planning, execution and optimization and best practices for content marketing.
Each week hear inspiring stories of business owners who have taken the cannabis challenge and are now navigating the exciting but unpredictable Green Rush.
Sign up for our weekly newsletter for winning strategies, exclusive features and all the tools you need to strike gold in the Green Rush.

Latest on Green Entrepreneur