Hundreds of cannabis entrepreneurs indicate plans to apply for recreational cannabis licenses
TRENTON – Almost 500 individuals and entities established accounts in the first four hours after the New Jersey Cannabis Regulatory Commission started accepting recreational cannabis license applications.
The CRC opened up for applications for recreational cannabis cultivators, manufacturers and testing labs on Wednesday morning at 9 a.m. By 1 p.m. the application platform was averaging 155 new users per hour.
“We are happy to reach this milestone,” said CRC Executive Director Jeff Brown. “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.