Now is the time to get in on the New Jersey cannabis market! Applications for Class 5 Cannabis Retailer Licenses in New Jersey will begin being accepted on March 15th, 2022. Read below for a few steps that you need to take to get ready to apply.
Property
One of the most challenging pieces of the application process in New Jersey. This is largely due to the fact that the state has provided authority to local cities and municipalities in establishing their processes for allowing cannabis operators. As a result, many local leaders are unsure of the next step in permitting operators in their towns. Combine that with a limited number of operators permitted in each town, and the availability of real estate – and you’ve got quite a hurdle.
Team
Your organizational structure is an important piece in preparing your application. Our clients usually go through this process as one of their first pieces in preparing their application, because it can dictate the quality of your application response. Strategizing around building the best team structure is an important piece to start early.
Conditional or Annual License?
Deciding what type of license you’re applying for is a critical step in the process. New Jersey offers a choice between conditional and annual licenses. Conditional licenses are prioritized over annual licenses in the application process, and have 5.5 months to convert to an annual license. Annual licenses will undergo the full application process and require site control and municipal approval.
Next Steps
New Jersey is a competitive state and applications will be flooding their system on March 15th. With that in mind, you need to ensure that your application is thorough and personalized to your team.
New Jersey Cannabis Business Licensing & Cannabis Business Application Service
The regulations in New Jersey are lengthy and rigorous, and Canna Business Services has the solutions to submit a robust application. Contact Canna Business Services for a 15-minute free consultation to ask your questions about cannabis retail licenses in New Jersey.
