Are you interested in starting a cannabis business in New Jersey? The cannabis consultants at New Leaf can help you navigate the process!
This summary of New Jersey requirements and license application process outlines what it takes to win a marijuana business license. Get started today to meet the demands of consumers! Schedule a free consultation with one of our knowledgeable cannabis consultants in New Jersey.
New Jersey Cannabis Consulting & License Application Writing Experts
New Leaf Cannabis Consulting is the #1 Top Rated Cannabis Application Writing, Consulting, and Capital Fundraising one-stop-shop in the U.S. We offer a complete range of services from business model formation and planning, to state licensure, to raising capital and finding investors for the business.
New Leaf has worked with over 180 clients in over 16 different states since we opened our doors in 2015. Our success rate is well over 95% across the board. We offer more services than any of our competition.
If you need cash for your cannabis startup, and/or state and municipal license approval for a completely reasonable price, look no further than New Leaf Cannabis Consulting.
Cannabis Market Condition Overview
Business Climate and Timeline
New Jersey’s Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization (CREAMM) Act allows for the legal sale and use of cannabis and cannabis products for residents or visitors 21 years and older. Adopted August 19, 2021, NJ-CRC rules establish the recreational cannabis industry in the state.
New Jersey’s Medicinal Cannabis Program (formerly called the Medicinal Marijuana Program) helps registered patients under the care of licensed medicinal practitioners safely access cannabis-based medicine from regulated and monitored facilities.
Real Estate & Zoning
In most states, you will need to lock down the location for business operations in the form of either a lease, lease with option to purchase, or a purchase agreement.
Most importantly, during the real estate acquisition process, your company MUST make sure that the actual location COMPLETELY adheres to state and municipal regulations regarding distance restrictions from other businesses such as a daycare or school. An example of this would be Dispensary/Retail. Most times you will not be able to locate your dispensary in a section of the city which is not zoned specifically for retail. Your dispensary location cannot be located anywhere else. Check with the Cannabis Regulatory Commission website for locality resolutions and ordinances.
Usually the next step is Municipal/City/Township Approval. Nine times out of ten, these steps will need to take place before the full license application can be completed and submitted.
Laws and Regulations
As you get started, read up on New Jersey’s laws, rules, and regulations. The Cannabis Regulatory Commission (CRC) issues licenses for medicinal and recreational cannabis business operations in New Jersey. Each business must be in good standing with an active license to perform any commercial cannabis activity, including:
- Making cannabis products
- Growing cannabis plants
- Storing cannabis and cannabis products
- Transporting or delivering cannabis and cannabis products
- Selling cannabis and cannabis products
- Testing cannabis and cannabis products
License applications will be accepted and reviewed on a rolling basis. Priority application review will be given to Social Equity Businesses, Diversely-Owned Businesses, Impact Zone Businesses, and applications that receive bonus points.
By statute, the number of Class 1 Cultivators is to be held to 37 licenses until February 22, 2023. There is no established limit on the number of cannabis business licenses available statewide.
The Notice of Application outlines:
- Eligibility requirements
- Prioritization processes
- Application requirements, including a list of necessary forms and supporting documents
- Scoring methodology
- How approval or denial is determined