In addition, priority will be given in the following order: social equity businesses, diversely-owned businesses, impact-zone businesses, bonus-point applicants, and then the remainder of applicants. This could further incentivize applicants to pursue conditional licenses that enable applicants to obtain municipal sign-off after receiving conditional state approval. A wrinkle with municipalities is that 70% of them opted out of permitting cannabis businesses. The issue now is that a number of these municipalities will have to opt back in and then create and approve the rules that will govern cannabis businesses within their borders before they can approve any businesses. RELATED: Atlantic City Casinos Will Probably Continue To Ban Marijuana The New Jersey legalization law required sales of adult-use cannabis to start by mid-February 2022.
It’s almost certain that only the existing large medical cannabis license-holders will be able to commence sales by mid-February, giving them a head-start over new industry entrants.
At its meeting on November 10, 2021, the New Jersey Cannabis Regulatory Commission announced that it will start accepting applications for cultivation, manufacturing, and testing lab licenses on December 15, 2021, and applications for retail licenses on March 15, 2022.
The applications will be accepted and approved on a rolling basis (pun always intended), according to the announcement, although certain applications may be able to “cut the line.” Conditional...
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