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New Jersey Theaters Get Booze Licenses, Boosting Industry
Description
New Jersey lawmakers propose allowing for-profit movie theaters to sell alcohol, aiming to revive the industry amid pandemic and streaming competition. The bill sets a price cap on special liquor licenses and exempts theaters from usual population limits. However, it faces opposition from the Licensed Beverage Association and Republican assemblymen, who worry it will devalue existing licenses. Nonprofits have successfully implemented similar licenses, and for-profits like Regal Cinemas see potential in increased revenue. The bill lacks a Senate partner and awaits regulatory approval.
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