How to start a commercial grow operation in New Jersey:
Medical marijuana had a tough fight in New Jersey. However, New Jersey residents finally legalized recreational marijuana in 2021. Although the guidelines for marijuana businesses are not set, New Jersey residents should see cannabis businesses in 2022.
The state currently has a medical marijuana industry. Many believe these businesses will receive licenses to sell recreational marijuana as well.
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Cannabis legality in New Jersey
New Jersey legalized medical marijuana in 2010 for specific medical conditions. The New Jersey Department of Health regulates the medical cannabis program. Growing operations take place within dispensaries known as Alternative Treatment Centers (ATCs).
Governor Chris Christie voted against legalizing medical marijuana and said he would not support any recreational legislation. However, in September 2016 he added PTSD as a qualifying condition. Despite his political adversity, in 2020, New Jersey voters passed a measure to legalize recreational marijuana. The state legislature is currently implementing this change.
How much money is in the New Jersey marijuana market
Medical sales for 2016 amounted to $31,000,000. Estimated sales for 2021 are $52,500,000. Of course, recreational marijuana will significantly increase these numbers. At the moment, New Jersey will be the only state in its region with legal weed.
License requirements
Under the guidelines from January 2010, New Jersey accepted applications for legal medical cannabis growing operations. However, the procedure for prospective owners closed in March of 2011 and remains closed. These guidelines permit:
- Medical Marijuana Dispensaries (aka Alternative Treatment Centers)
- Medical Marijuana Growers
- Medical Marijuana Processors
The application fee for the program was $2000, and the license fee was $18,000. Current owners may transfer their ownership for a $20,000 fee.
Timeframe
Starting any type of marijuana business in New Jersey will take some time – especially since the state is still discussing its guidelines. Once granted a license, however, allow at least a year to get your cannabis business up and running.
Links to consulting companies that can help open a marijuana growing operation in New Jersey
Looking to start a marijuana growing operation in New Jersey? The consulting companies listed below provide a wide range of services. Get help with state licensing requirements and applications or running and stocking your business.
- Canna Advisors
http://thinkcanna.com/ - DispensaryPermits.com
http://dispensarypermits.com/ - GreenZipp
https://greenzipp.com/pages/states - Medicine Man Technologies
http://www.medicinemantechnologies.com/ - Green Rush Consulting
http://greenrushconsulting.com/open-a-dispensary/ - Quantum 9 Inc.
https://quantum9.net/portfolio/cannabis-consulting-services// - Comprehensive Cannabis Consulting
https://www.3ccannabis.com/
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