New Jersey Cannabis
Get Started Now to Pursue Medical Marijuana Opportunities in New Jersey
The Department of Health has issued a Request for Applications (RFA) for another round of cannabis business licensing for the state’s medical marijuana program. Dispensary applications are due August 21, and cultivation and vertically-integrated business applications are due August 22, 2019. The state is looking to award up to 24 new licenses to expand the medical marijuana program due to a rapidly growing patient base.
Entrepreneurs interested in applying for a business license or expanding a current cannabis business in New Jersey should start developing their business now to gain a competitive advantage and be able to submit a complete, compelling narrative.
If you want to pursue one of the medical marijuana licenses in New Jersey, click here to contact us today and discuss how we can help you submit a successful licensing application.
Cannabis Business Guidance in New Jersey
The Governor has been outspoken that his eventual goal is to expand beyond medical marijuana to an adult-use program, making New Jersey one of the most talked-about cannabis markets in the industry.
Taking the time to put together a financial model, facility design, and business plan now will help position you to raise capital, secure properties, win local approval, and recruit potential team members.
Market Conditions in New Jersey
The motivation in the state, fueled by building the tax base, will likely result in broad cannabis regulations that could be modeled after Colorado’s structure.
Entrepreneurs and investors who are interested in getting into the cannabis industry in New Jersey should start their pre-license positioning immediately. The Department of Health will seek up to 24 cultivation endorsements, up to 30 manufacturing endorsements, and up to 54 dispensary endorsements in this round of applications.
Bob Wagener, our VP of Business Development shares 4 insights in his blog post:
Stay up-to-date on Cannabis Legalization in New Jersey
Cannabis legalization is constantly changing, and Canna Advisors can help your cannabis business evolve and adapt to successfully navigate the New Jersey regulations. For the latest news and events in the industry, visit our Blog and News and Events pages, or have a look at some of the following top articles on cannabis legalization in New Jersey.
Jay Czarowski, Founder Partner at Canna Advisors, is a member of the Board of Trustees of the New Jersey Cannabis Industry Association (NJCIA).
Jay brings his proven cannabis industry and entrepreneurial success to help shape the emerging industry and position the state's program for success.