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NJ A2966
Bill
Status
1/13/2026
Primary Sponsor
Erik Peterson
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AI Summary
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Applies existing New Jersey statutory ethics and conflict-of-interest standards for casino industry regulators and participants to officials and businesses in the legalized marijuana marketplace.
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Prohibits individuals with financial interests in or employment by marijuana license holders/applicants within the prior three years from being appointed to or employed by state marijuana regulatory bodies, with limited exceptions for non-controlling interests.
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Requires appointed officers and employees of marijuana regulatory agencies to file annual financial disclosure statements with the State Ethics Commission and establishes a four-year post-employment ban on holding interests in or accepting employment from marijuana licensees.
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Imposes penalties including civil fines of $500 to $10,000 for violations, fourth-degree criminal charges for prohibited political contributions (with fines up to $200,000), and disorderly persons offenses for willful violations of other provisions.
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Amends the definition of "interest" in the New Jersey Conflicts of Interest Law to include ownership of more than one percent of profits or stock in marijuana license holders or applicants, mirroring existing casino industry thresholds.
Legislative Description
Applies statutory ethics and conflicts-of-interest standards for casino industry regulators and participants to regulators of and participants in legalized marijuana marketplace.
Judiciary
Last Action
Introduced, Referred to Assembly Judiciary Committee
1/13/2026