Exciting news! On December 8, the New Jersey Cannabis Regulatory Commission (CRC) approved 30 additional medical cannabis business licenses. Since 2019, the 30 licenses had been frozen by a court order that lifted earlier this year. The CRC said the approval would double the number of medical dispensaries in the Garden State.
Also, on November 9, the CRC issued the Notice of Application for adult-use cannabis business licenses. The notice specifies eligibility requirements, the prioritization process, application requirements, scoring measures, the approval process, and denial determinations for adult-use applicants. The applications will be reviewed as they are received on a continuous rolling basis, with Social Equity, Impact Zone, and Diversely Owned Businesses receiving priority.
License applications will be accepted for cultivation, manufacturers, and testing laboratories starting December 15, and retailers starting on March 15, 2022.
We’ll be sure to keep you updated as the cannabis market in New Jersey progresses.