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Cannabis Consulting in New Jersey

Updated December 2021 | Are you an entrepreneur or investor interested in winning a cannabis license in New Jersey? You can begin applying for an adult-use cannabis license in New Jersey as early as December 15th, 2021. But you should begin preparing now if you want to win a license. Below, our New Jersey cannabis consulting team provides you with an overview of the license application process and a guide for winning a cannabis license in New Jersey.

If you’d rather speak with our New Jersey Marijuana Consultants, click the button below to schedule a free consultation today. Let’s get started on your conditional and annual license application today!

Read on for cannabis consulting insights in New Jersey!

Overview of Adult-Use Cannabis Laws and Rules in New Jersey

As an applicant, you should be aware that the New Jersey’s Cannabis Regulatory Commission will oversee the adult-use cannabis program, including the scoring and issuing of cannabis business licenses

You should also familiarize yourself with the set of legal documents that outline the New Jersey Cannabis Industry, including:

To save time, contact one of our cannabis application writers in New Jersey for a breakdown of the act and licensing process.

Types of Adult-Use Cannabis Licenses in New Jersey

In case it isn’t clear by now, you must apply for and win a license for the type of adult-use cannabis business you would like to operate. Each license is unique in that every license type permits you to conduct different activities.

For instance, if you want to grow cannabis then you’ll want to apply for a cultivator or microbusiness license. However, if you want to sell cannabis directly to consumers, then the retail license makes more sense for you.

Below is a video of one of our New Jersey Cannabis License Consultants discussing the various types of adult-use marijuana licenses in New Jersey:

Six classes of licenses will be available for the cannabis market in New Jersey. These include:

Please note, the commission will ensure at least 25% of the total licenses issued to be issued to microbusinesses.

Put differently, you can apply as a microbusiness for any of the license types listed above, and the number of licenses for each class must be 25% issued to Microbusinesses.

Microbusiness License in New Jersey

Are you wondering “what is a cannabis microbusiness license in New Jersey?”

Well, a New Jersey microbusiness must meet the following requirements:

  • 100% owned by current New Jersey residents that have resided in New Jersey for at least the past two consecutive years;
  • at least 51% of total persons, including owners, directors, officers, and employees, shall be residents of the municipality, or the bordering municipality, in which the microbusiness is located;
  • Employ no more than 10 employees
  • Operate a cannabis establishment occupying an area no more than 2,500 square feet
  • Possess no more than 1,000 cannabis plants each month
  • In the case of a cannabis processor, acquire and process no more than 1,000 pounds of cannabis in dried form each month;
  • In the case of a cannabis wholesaler, acquire for resale no more than 1,000 pounds of cannabis in dried form, or the equivalent amount in any other form, or any combination thereof, each month; and
  • In the case of a cannabis retailer, acquire for retail sale no more than 1,000 pounds of cannabis in dried form, or the equivalent amount in any other form, or any combination thereof, each month.
  • No owner, director, officer, or other person with a financial interest who also has decision making authority for the microbusiness shall hold any financial interest in any other licensed cannabis establishment, distributor, or delivery service, whether or not a microbusiness;
  • No owner, director, officer, or other person with a financial interest who also has decision making authority for a licensed cannabis establishment, distributor, or delivery service, whether or not a microbusiness, shall hold any financial interest in a microbusiness; and
  • The microbusiness shall not sell or transfer the license issued to it.

Important to note, a microbusiness holding an annual license may submit an application to convert from a microbusiness to a standard cannabis business and expand beyond the requirements listed above.

Contact our New Jersey cannabis consultants to find what marijuana business license works best for your goals.

Number of Licenses Available

Equally as important, you should consider the number of licenses available for each type. Competition is inversely related to the number of licenses available.

For instance, during the 24 month period after February 22, 2021, New Jersey will limit the number of cannabis cultivation licenses to 37 (including expanded Alternative Treatment Centers).

Following the 24-month period after February 22, 2021, the Commission shall review the limit of 37 cannabis cultivator licenses and issue new licenses to meet the market demands of the State

For the other license types, New Jersey will determine the cap on the number of licenses based on market demand. Put differently, the Commission shall annually evaluate whether the number of each class of cannabis business is sufficient to meet the market demands of the State.

Important to note, Microbusinesses shall not count towards any limitations on the number of cannabis business licenses issued by the Commission.

Timeline for New Jersey Cannabis Business License Applications

The Cannabis Regulatory Commission will begin accepting the following applications for personal use (recreational) cannabis on Wednesday, December 15, 2021:

  • Class 1 Cultivator Licenses
  • Class 2 Manufacturer Licenses
  • Testing Laboratories

On the other hand, application acceptance for Class 5 Retailers will begin on March 15, 2022.

Eligibility

Before discussing the application process, be aware that  to be eligible to submit a cannabis business application in New Jersey, applicants shall:

  • be registered to do business in the State of New Jersey by the Division of Revenue and Enterprise Services in the Department of the Treasury;
  • have both federal and state taxpayer-identification numbers; and
  • be in compliance with all provisions of N.J.S.A. 24:6I-31 through 56 and N.J.A.C. 17:30 for license applicants.

Also, you must have at least one owner listed in the application who has resided in New Jersey for at least two years prior to the date of application.

Application Process for New Jersey Cannabis Licenses

Applications are reviewed as they are received on a continuous rolling basis, with Social Equity, Impact Zone, and Diversely Owned Businesses always getting priority over others (detailed below).

Importantly, the rules establish and prioritize small businesses, referred to as “microbusinesses,” and the conditional licensure process, which creates a pathway for entrepreneurs into the industry.

Conditional applicants will only need to submit background disclosure information to the CRC, along with a business plan and a regulatory compliance plan. If approved, they will then be given 120 days to find an appropriate site, secure municipal approval, and apply for conversion to an annual license.

On the other hand, you can apply directly for an annual license. However, the Commission will prioritize conditional applicants over annual applicants.

Microbusinesses, which are limited to 10 employees and premises no larger than 2,500 square feet, will also be prioritized and, if successful, allowed to apply to expand their business in accordance with consumer demand (more information on Microbusinesses found here).

Our New Jersey Cannabis Consulting firm breakdown the requirements for the conditional and annual license application processes below.

Requirements for Conditional and Annual License Applicants

An additional requirement for all conditional license applicants includes:

  • Proof that each owner of the conditional license applicant who has decision-making authority has, for the immediately preceding taxable year, an adjusted gross income of no more than $200,000, or no more than $400,000 if filing jointly with another individual.

Conditional Cannabis Business License Phase

If you meet all of the criteria listed above, the Commission will issue you a New Jersey Conditional Cannabis Business License. Upon awardance, the 120-day window to submit a conversion application for an annual license begins.

During the conditional licenses phase, a conditional license-holder shall:

  1. Establish control of the proposed site, through lease, purchase or other means, for the cannabis business;
  2. Gain municipal approval; and
  3. Develop and submit a conditional license conversion application.

Importantly, during the conditional license phase, a conditional license-holder shall not engage in purchasing, possessing, selling, cultivating, manufacturing, or selling cannabis or cannabis products.

Luckily, you can apply for a 45-day extension of the conditional license if you are unable to meet the deadline. However, the Commission shall grant an extension of the conditional license where the conditional license-holder has submitted a complete conditional license conversion application, during the time the complete conditional license conversion application is under consideration by the Commission.

Requirements for Conditional Conversion License Applicants:

Prior to the expiration of the conditional license phase, a conditional license-holder shall submit a conversion application to the Commission for an annual license.

The requirements for a conditional conversion license application is as follows:

Cannabis Consulting Firm in New JerseyCannabis Consulting Firm in New Jersey

Requirements for Annual License Applicants:

Additionally, according to our marijuana business consultants in New Jersey, the conversion application and annual license application shall include the following requirements:

  • An environmental impact plan,
  • A safety and security plan
  • A community impact, social responsibility, and research statement
  • A workforce development and job creation plan, which include an optional diversity plan;
  • Standard operating procedures for:
    • Adverse Event Reporting;
    • Quality assurance and quality control;
    • Recall;
    • Packaging and Labeling;
    • Inventory Control, Storage, Diversion Prevention;
    • Recordkeeping;
    • Waste Disposal, Sanitation;
    • Cultivation, manufacturing, retail sale, delivery, secure transport, as applicable, based on the class of license sought;
    • Accounting and tax compliance; and
    • The reporting of test results, as applicable, based on the class of license sought

We understand that the information listed above can be a bit daunting. For this reason, we encourage you to reach out to speak with our cannabis consulting firm in New Jersey. We can simplify the process for you and help you win a New Jersey Cannabis Conditional License.

Scoring Process for Cannabis Applications in New Jersey

Applications will be accepted on a continuous rolling basis, and will be prioritized by:

  1. Priority assignment; and
  2. First in-time submission.

Once received, license applications will be reviewed for completeness.

Applications deemed incomplete will be returned to license applicants to be cured and resubmitted. If an application is found complete, then the application will be scored by the Commission based on the criteria outlined below.

Lastly, if two or more applicants have the same number of points, those applicants shall be grouped together. If there are more eligible participants in this group than the remaining number of licenses available, the commission will utilize a public lottery to determine which applicants win a license.

If your application is deemed complete, the commission will score your application in accordance with the following measures:

Conditional License Application Scored Measures

New Jersey Marijuana Consultant

Conditional Conversion Application Scored Measures

Annual License Application Scored Measures

*Tip: Skip this section if you are not applying directly for an annual cannabis license in New Jersey. Here is a link that will take you to the next section. 

Municipal Control of Adult-use Cannabis Business Licenses in New Jersey

Municipalities have a significant influence on who wins a New Jersey Cannabis Business License. In fact, they will report to the state their preference of who to award a license to. Put differently, a municipality may provide input to the Commission as to the municipality’s preferences for licensure.

More specifically, a municipality may:

  • Impose a separate local licensing requirement;
  • Establish a numerical limit on the number of cannabis businesses;
  • Govern the location, manner, and times of operation of cannabis businesses, except for the times of operation of a delivery service, including an ordinance or regulation that requires a cannabis business premise to be a certain distance from the closest church, synagogue, temple, or other place used exclusively for religious worship; or from the closest school, playground, park, or child daycare facility;
  • Enact and amend an ordinance or regulation to prohibit the operation of any one or more classes of cannabis business within the jurisdiction of the municipality.

Therefore, it is extremely important to gain local support and make sure you’re in compliance with all municipal ordinances. Additionally, you will want to obtain zoning approval from the municipality for the proposed location of the cannabis business. This shall consist of a letter or affidavit from appropriate officials.

For marijuana business consulting services in New Jersey, click the button below. We can assist you with your municipal and state cannabis license submissions. Let us win you a New Jersey cannabis license.

Map of Municipalities allowing adult-use cannabis in New Jersey

Below is an interactive map showing the municipalities in New Jersey that have opted in or out of allowing adult-use cannabis businesses to locate in their jurisdiction (provided by USA Today):

 

Municipal Taxes

A municipality may impose a transfer tax or user tax on the sale of any usable cannabis or cannabis products by a cannabis establishment located within the municipality, which may include:

  • sales between cannabis establishments;
  • sales of cannabis items to consumers; or
  • any combination thereof.

The rate of a transfer tax established shall be at the discretion of the municipality. However, the municipal tax rate shall not exceed:

  • 2% of the receipts from each sale by a cannabis cultivator;
  • 2% of the receipts from each sale by a cannabis manufacturer;
  • 1% of the receipts from each sale by a cannabis wholesaler; or
  • 2% of the receipts from each sale by a cannabis retailer.

Fees (Application and License Fees)

New Jersey recently published the application and license fees for adult-use cannabis businesses. Our cannabis consultants provide the infographic below summarizing the cannabis application and license fees in New Jersey.

New Jersey Cannabis Application Fees

In short, micro-businesses will pay half of the fees issued for non-microbusiness licenses.

Also, if you transfer more than 50% of the ownership of your license, you must pay a $20,000 fee.

For New Jersey Cannabis Consulting, reach out and speak with one of our license experts today.

Priority Application’s for a New Jersey Cannabis License

The rules establish three types of cannabis businesses that will receive priority review and approval in the application process:

  • Social Equity Businesses, which are owned by people who have lived in Economically Disadvantaged Areas of the state or who have past convictions for cannabis offenses;
  • Diversely Owned Businesses, which are minority-owned, woman-owned, or disabled veteran-owned and certified as such by the New Jersey Department of the Treasury in one or more of the listed categories; and
  • Impact Zone Businesses, which are located in an Impact Zone, owned by people from Impact Zones, or employ residents of Impact Zones. Note: Under the statute, Impact Zones are municipalities with a large population, high unemployment rate, or high numbers of crime or arrests for marijuana.

Social Equity Businesses, Diversely Owned Businesses, and Impact Zone businesses will be prioritized in the licensure process so that their applications are reviewed before other applicants – regardless of when they apply (see below for definition of these types of businesses).

The Commission shall review, score, and approve conditional and annual cannabis business license applications, such that:

  • Social Equity Businesses, Diversely Owned Businesses, and Impact Zone Businesses always have priority over other license applicants;
  • Conditional license applicants always have priority over annual license applicants;
  • Microbusinesses (defined above) license applicants always have priority over standard cannabis business license applicants; and
  • License applicants given bonus points (see below) have priority over license applicants with no bonus points.

Order of Priority

The Commission will review, score, and approve your New Jersey Cannabis License application in the following order:

Cannabis Application Writer in New Jersey Cannabis Application Writer in New Jersey

Importantly, Applications from entities that meet criteria for more than one priority status will be reviewed, scored, and approved in accordance with the status of the highest priority.

For example, an application from an entity that meets the criteria to be a Diversely-Owned Business and an Impact Zone Business will be considered a Diversely-Owned Business for purposes of application priority since Diversely-Owned Businesses are of higher priority than Impact Zone Businesses.

Additionally, Diversely-Owned Business applications with more than one certification will be given priority over applications that have one certification.

Priority shall be given in the following manner:

New Jersey Cannabis Consulting team

Bonus points

Additionally, in ranking the applications, the commission will give bonus points to applicants that:

  • Include a significantly involved person who has resided in New Jersey for at least 5 years.
  • Are party to a collective bargaining agreement with a labor organization that currently represents or is actively seeking to represent cannabis workers in New Jersey or another state
  • Affirm they will use their best efforts to utilize building trades labor organizations in the construction of facilities associated with the licensed cannabis business in New Jersey
  • Submit an attestation affirming they have a project labor agreement, which is a form of pre-hire collective bargaining agreement covering terms and conditions of a specific project. This includes labor issues and worker grievances associated with any construction or retrofit of facilities.
  • The commission gives special consideration to applicants that enter into agreements with an institution of higher education to create an integrated curriculum involving growing, processing, wholesaling, distributing, and retail sales of personal use cannabis and cannabis items.
  • The commission prioritizes applications on the basis of Impact Zones (explained below).

Make sure to utilize our cannabis consulting services in New Jersey for assistance in scoring high on a New Jersey marijuana business license application.

Social Equity Business in New Jersey

A “Social Equity Business” means a license applicant or license-holder that meets one of the following criteria:

More than 50% of the ownership interest of the license applicant or license-holder is held by one or more persons that demonstrate one of the following criteria:

  • At the time the initial application is submitted, have lived in an Economically Disadvantaged Area for 5 of the 10 preceding years; and
  • Are, at the time the initial application is submitted and based on the preceding year’s income, a member of a household that has a household income that is 80% or less of the average median household income in the State, as determined annually by the U.S. Census Bureau.

OR

More than 50% of the ownership interest of the license applicant or license-holder is held by one or more persons who are eligible to be pronounced rehabilitated in accordance with N.J.A.C. 17:30-7.12(e), if necessary, and have been adjudicated delinquent for or convicted of, whether expunged or not, in this State, another state, or federally:

  • at least two marijuana- or hashish-related disorderly persons offenses, or
  • at least one marijuana- or hashish-related indictable offense.

For more information on and a map of Economically Disadvantaged areas in New Jersey, follow this link.

Diversly Owned Businesses in New Jersey

A “Diversely Owned Business” means a license applicant or a license-holder that has been certified as a minority business, as a woman’s business, as a disabled-veterans’ business, or as any combination thereof, by the Division of Revenue and Enterprise Services in the Department of the Treasury.

More specifically, at least 51% ownership must be held by diverse individuals, and the daily operations are controlled by one or more of the diverse individuals with ownership.

If you’re applying as a Diversely Owned business, you should begin the certification process now, as it may take a few weeks.

Impact Zones

At this point, you are likely asking “what is an impact zone?”. The State, luckily, has published the criteria for an area to qualify as an Impact Zone in New Jersey.

Impact Zones include zones for which past criminal enterprises contributed to higher concentrations of law enforcement activity, unemployment, and poverty within parts of or throughout these zones.

In ranking New Jersey cannabis license applications in respect to impact zones, the commission will prioritize:

  • Applicants that intend to locate their business in an impact zone, and the impact zone has less than 2 licenses so that there will be prioritized distribution so that there are at least 2 licensees in each impact zone.
  • Applicants who 50% ownership is held by current residents of impact zones and have resided there for 3 or more consecutive years (the commission will award 25% of the total licenses to these individuals).
  • Applicants who present a plan to employ 25% of employees who reside in impact zones (at least 25% of the impact zone employees must live in the impact zone nearest to the cannabis business).

For more information on and map of Impact Zones in New Jersey, follow this link.

For Cannabis consulting in New Jersey, please feel free to reach out.  We can break down the best strategy for diverse, social equity, and Impact Zone businesses.

Cannabis Consulting in New Jersey

Tips for winning an adult-use cannabis business license in New Jersey

From writing the business plan to recruiting an experienced team, navigating the process of starting a New Jersey Cannabis Business can be daunting.

We highly recommend engaging experts in license acquisition to assist with the competitive license application.

Nevertheless, our cannabis consulting team in New Jersey put together the following step-by-step guide on how to apply for and win a cannabis license in New Jersey.

Step 1: Learn the New Jersey Cannabis Rules and Application Process

The first step you should take when applying for a license is to learn the rules of the State and the local municipality that would like to locate your business. New Jersey will place a heavy emphasis on whether you are able to comply with the State’s regulation. This must be demonstrated clearly in your application. Put differently, your Application should reflect your knowledge of and plans for complying with New Jersey Cannabis Laws.

Also, you will want to look over the application process and requirements. Do you meet the capital requirements? Do you have the resources and know-how to complete every section of the Application? Some applications may require you to write business plans with several hundred pages. If you are unfamiliar with this process or have concerns, reach out to our New Jersey cannabis consulting firm to learn how we can help you put together a winning cannabis application.

Step 2: Choose the New Jersey Cannabis License you want to Apply for

Secondly, you are going to want to choose which cannabis license in New Jersey you would like to apply for. Each marijuana license will give you permission to conduct a different set of activities.

Step 3: Engage a New Jersey Cannabis License Consultant

At this point, we recommend engaging a New Jersey Cannabis Consultant. You will want to work with a marijuana business consultant that is familiar with New Jersey rules and regulations, and has experience in application writing and winning licenses.

Luckily, our New Jersey Cannabis Consulting Firm consists of the best cannabis application writers in the world. We helped our clients win New Jersey medical marijuana business licenses, and we’re prepared to do the same for adult-use licenses.

Our cannabis business consultants will manage your license application from start to finish. We’ll also provide executive coaching and guidance on all aspects involved in winning a cannabis license.

Reach out today to learn more about cannabis consulting in New Jersey and how we can help you become a cannabis business owner in New Jersey.

Step 4: Build your Team of Cannabis Experts in New Jersey

After you have chosen the type of license you intend to apply for and engaged consultant, the next step is to build a team. Your team should reflect your ability to operate a New Jersey Cannabis Business that is compliant, responsible, and safe.

Equally important to your team’s experience, is their ability to qualify as a social equity applicant or a diversely owner business (see above for definition of social equity and diversely owned businesses in New Jersey).  The State of New Jersey places a priority on Applicants that qualify for Social Equity or Diversely Owned Business Status.

Would you like assistance building a team for your cannabis application in New Jersey?

Fortunately, our marijuana consulting firm in New Jersey offers talent acquisition and executive recruiting services. We can help you find the right team so that you can receive the highest score on your cannabis license application. Reach out today to speak with one of our cannabis license advisors in New Jersey.

Step 5: Raise Capital

Now you’re ready to raise capital to fund the license acquisition and start-up costs for your cannabis business. Depending on the type of cannabis license you are applying for, the amount of capital needed to cover start-up costs will vary.

Based on previous experience, Retail operations typically require less start-up capital when compared to cannabis cultivation operations. You’ll need capital to cover legal fees, facility buildout, equipment purchases, overhead, security equipment, inventory, and more.

Are you familiar with the amount of capital needed to start a cannabis business? If not, please feel free to contact our team for cannabis consulting services in New Jersey. We can provide you with estimates on the start-up capital needed for your cannabis business tailored for your goals.

Step 6: Identifying a Location (address or municipality)

Besides writing a narrative for the application, you must also identify a location where you intend to operate your cannabis business. However, we do not recommend purchasing property or signing leases until you have been awarded a license.

When choosing your location, think about the advantages and disadvantages of that particular location. Is the location suitable? Consider the surrounding areas and determine whether a cannabis business is appropriate. Specifically, make sure it is not near a school or church.

You can either choose an existing building or build construct a building. In either case, you will need zoning approval from the local municipality.

Step 7: Start Garnering Local Support

Additionally, it helps to have proof of local support for the proposed business. Can you identify someone in the governing body that you can get to write a letter of recommendation? Frequently, our clients will engage lobbyists to help in obtaining local support from governing bodies.

Our New Jersey Cannabis Consultants advise that those who want a cannabis license in New Jersey should talk with local governments and listen to their concerns.  Some communities do not want cannabis businesses within their town. So, talking to these government officials may persuade them to allow these businesses.

You’ll also want to check with organizations in the community at you intend to operate. For instance, getting the approval of the neighbors of your proposed facility can lend strength to your application.

Make sure to utilize our cannabis consulting services in New Jersey to find out how to reach officials in the town of your interest and gain local support.

Step 8: Write your cannabis license application in New Jersey

Finally, you will want to write a competitive cannabis license application. We briefly outlined above the various types of narratives that you will have to write during your cannabis license application.

Have you written a cannabis license application before? The narratives require technical expertise and can easily run into the hundreds, or even thousands, in page count.

Save time and money by allowing our New Jersey Cannabis Application Writers to write your narratives for you. We will make sure you receive the highest scores on all sections so that you can win a license and start your cannabis business.

Limitations

First, a person or entity shall be an owner of only one license applicant or license-holder. Similarly, a person or entity shall be a principal of only one license applicant or license-holder.

However, a person or entity may hold ownership interest as a passive investor in more than one cannabis business or testing laboratory license applicant or license-holder.

Additionally, a license applicant or license-holder shall only have, at most, one open and pending cannabis business license application for each class of license at one time.

In contrast, an employee or volunteer may work with more than one license applicant or license-holder, at any or all of its cannabis business premises.

If you own or have a financial interest in a microbusiness, you cannot have an ownership or financial interest in any other license type. You are limited to one microbusiness license.

Also, a license-holder holding a testing laboratory license may hold up to three testing laboratory licenses but may not hold any cannabis business licenses.

The ownership limitations for the remaining recreational cannabis licenses in New Jersey are based on the timing of the market, as described below.

Limitations during the 24-month period following February 22, 2021:

For a period of 24 months after the passing of the act, a license-holder and its owners and principals:

  • May hold one cannabis retailer license and may not hold any other license concurrent with a cannabis retailer license;
  • May concurrently hold one cannabis cultivator and one cannabis manufacturer license;
  • May hold one cannabis distributor license and may not hold any other license concurrent with a cannabis distributor license; or
  • May hold one cannabis delivery service license and may not hold any other license concurrent with a cannabis delivery service license; and
  • An expanded ATC license may concurrently hold a cannabis cultivator, cannabis manufacturer, a cannabis retailer license, and additional cannabis retail licenses for each satellite dispensary.

Limitations after the end of the 24-month period following February 22, 2021:

Following the first 24 month period of the program, a license-holder and its owners and principals:

  • May concurrently hold one cannabis cultivator, one cannabis manufacturer, one cannabis retailer, and one cannabis delivery service license; or
  • May hold one cannabis distributor license and may not hold any other license concurrent with a cannabis distributor license; and
  • an expanded ATC license may concurrently hold a cannabis cultivator license, a cannabis manufacturer license, a cannabis retailer license, and additional cannabis retail licenses for each satellite dispensary.

Yes, the limitations on ownership can be unclear. For this reason, we encourage you to reach out for Cannabis Consulting in New Jersey so that we can answer any questions you may have.

Selling and Buying Licenses (Transferring Ownership)

You are allowed to sell your New Jersey Adult-Use Cannabis Business License. However, there is a fee you must pay and certain time restrictions.

If you transfer more than 50% of the ownership of your license, you must pay a $20,000 fee.

For at least two years after commencing operations, an annual license-holder cannot make any changes to more than 50% of its ownership interest.

Important to note, the majority share of diversely owned business, social equity business, impact zone business, or microbusiness shall remain the same until two years after the commencement of cannabis business operations.

For a microbusiness, you are not allowed to sell or transfer the license (however, you can apply to convert to a standard cannabis business license, which would then allow you to sell).

Reach out today for cannabis consulting in New Jersey!

Additional Resources from our Cannabis License Consultants in New Jersey

Here are some additional resources to help with applying for and winning a New Jersey Adult-use Cannabis License:

Conclusion | Cannabis Consulting in New Jersey

To conclude, you can start applying for a New Jersey Cannabis License today. The more time you give yourself, the higher the chances you have of putting together a competitive application.

Work with the industry-leading cannabis consultants to save time and win a cannabis license in New Jersey. We’ll completely manage your application, including all of the technical writing, garnering local support, facility design, and more.

Our cannabis consultants in New Jersey are experts at winning cannabis licenses. We have one of the highest success rates in the industry (90.12%) and have won licenses in 27 US States and 6 countries. Contact us for a head start on your cannabis license application and additional cannabis consulting services in New Jersey.

cannabis consulting in new jersey

Related Articles from our New Jersey Cannabis Consultants:

New Jersey Cannabis Application Writer

Win a Cannabis License in New Jersey

Get a New Jersey Cannabis License

Julio C. Soriagalvarro, MS, MBA

About Julio C. Soriagalvarro, MS, MBA

Julio is a natural product chemist turned consultant who combines expertise in the life sciences and business to provide consulting services across the cannabis industry. He specializes in helping entrepreneurs win licenses to start cannabis businesses in both medical and adult-use markets. As part of Quantum 9, they've helped clients obtain licenses and become cannabis business owners in 27 US States and 6 countries. He received an MBA from Indiana University, focusing on finance, marketing, and entrepreneurship; a M.S. in Natural Product Chemistry and Drug Discovery from the University of Illinois; and a B.S. in Biology from James Madison University.

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