New Jersey Set to Accept Cannabis Business License Applications

High Times

Cannabis regulators in New Jersey announced this week that the state would begin accepting applications for marijuana business licenses next month, more than a year after voters in the state legalized recreational pot in the 2020 general election. At a meeting of the New Jersey Cannabis Regulatory Commission (CRC) on Tuesday, officials revealed applications for adult-use marijuana cultivators, processors and testing labs.  The agency also announced that it will begin accepting applications for recreational cannabis dispensaries on March 15, 2022. Applications for cannabis delivery services, distributors and wholesalers will be accepted at a later date once regulations for those business types have been drafted and approved. Applications from businesses owned by women, veterans and minorities will receive priority review, as will companies owned by individuals who have been arrested for a marijuana-related offense or who live in economically disadvantaged areas or municipalities with a disproportionate rate of cannabis-related arrests. Applications from microbusinesses with 10 or fewer employees will also be reviewed on a priority basis. Regulators have not established a deadline for applications to be submitted and will instead accept them on a continuing basis. New licenses for cannabis cultivators issued through February 2023 will be capped at 37, but there will be no limit placed on other license types. Applications for adult-use cannabis business licenses will be available online, and the commission will host an informational webinar for potential applicants on November 30. New Jersey Regulators Behind Schedule New Jersey voters legalized adult-use cannabis with the approval of Question 1 in the November 2020 general election, which passed with 67 percent of the vote. The law set a September 2021 deadline for the CRC to begin accepting applications for business licenses. Regulators missed the deadline, however, and instead announced that they were establishing the process to accept the applications…

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Source : New Jersey Set to Accept Cannabis Business License Applications

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