Cannabis business application acceptance off to a strong start

Hundreds of cannabis entrepreneurs indicate plans to apply for recreational cannabis licenses

Hillview Farms Cannabis plants.

The New Jersey Cannabis Regulatory Commission started accepting recreational cannabis license applications Wednesday for recreational cannabis cultivators, manufacturers and testing labs.

Almost 500 individuals and entities established accounts in the first four hours, and the application platform was averaging 155 new users per hour.

Jeff Brown. (LinkedIn)

“We are happy to reach this milestone,” CRC Executive Director Jeff Brown said in a prepared statement. “Applications are coming in, the platform is performing well and we can officially mark the launch of the state’s recreational cannabis industry. Getting cultivators, manufacturers and testing labs licensed and operating will set the framework and establish supply for retailers who will start licensing in March 2022.”

Under the CRC’s rules, Social Equity Businesses, diversely owned businesses, microbusinesses and conditional license applicants will be prioritized in their review and scoring. These include businesses owned by individuals with past cannabis convictions, those from designated Economically Disadvantaged Areas and minority-owned, woman-owned and disabled veteran-owned businesses.

The New Jersey Cannabis Regulatory Commission establishes and enforces the rules and regulations governing the licensing, cultivation, testing, selling and purchasing of cannabis in the state.