Eager to venture into the exhilarating realm of Cannabis in New Jersey? Now’s your chance. The state is currently taking in applications for class one cultivator licenses, class two manufacturer licenses, class five retailer licenses, and for testing laboratories from both non-medical and recreational applicants. This has been the case since 2021, with the applications evaluated on a rolling basis and priority being assigned to social equity, diversely-owned businesses, or those living in or establishing a business in an impact zone.
Even if you’re yet to secure a location, don’t worry. The application process can be bifurcated into two stages: initially obtaining a conditional license while you search for the perfect spot, which we can assist with. Once the conditional license is granted, you’re allowed a 120-day window to submit a conditional license conversion application. It’s advised that, upon approval of your conversion application, you submit it promptly – ideally the next business day – to sustain your priority level.
The ‘CREAMM’ act in New Jersey introduces six classes of Cannabis licenses for recreational Cannabis. Beginning with the class one Cannabis cultivator license, which allows you to grow, cultivate, produce, and sell Cannabis to other class one cultivators, class two manufacturers, class three wholesalers, or class five retailers.
The class two Cannabis manufacturer license offers the privilege to purchase, store, and crucially process Cannabis. This processed Cannabis can then be fashioned into products for distribution to other licensed entities. Class two license holders are also permitted one additional license from another class, as long as it’s not a wholesaler or retailer license. If you want more about the Cannabis Market and licenses, explore our cannabis blog posts.
Did you know?
By 2028, the total sales in the U.S. cannabis market could skyrocket to a staggering $50.7 billion.
Those with a class three Cannabis wholesaler license can store, sell, and transfer recreational Cannabis products among other license holders. A class four Cannabis distributor license allows for the transportation of Cannabis products in bulk from one licensed entity to another, while the class five Cannabis retailer dispensary license lets you accept Cannabis products from distributors and sell them directly to consumers in a licensed store. A state-endorsed class five retailer can operate a Cannabis consumption area either indoors or outdoors.
The class six Cannabis delivery license caters to the transport of recreational Cannabis from the retailer to the consumer. Applying for a license will let you start organizing your operations while meeting the full license requirements.
If this sparks your interest, or if you have any queries, we’re here to help ensure your venture’s success. At CannDelta, we specialize in preparing all license application types for recreational Cannabis businesses – cultivation, manufacturing, retail, and delivery. Our team of experts understands the convoluted process of obtaining an NJ marijuana license and can guide you through the labyrinth of cannabis regulation in New Jersey.
This is an excellent opportunity to gain a head start on your Cannabis business, increasing your chances of success. Don’t hesitate to contact us today to learn more about how we can assist you in securing your NJ cannabis license.