N.J. legal weed sales on verge of finally getting OK to begin. NJ-CRC begins accepting applications for cannabis dispensaries
TRENTON – The New Jersey Cannabis Regulatory Commission began accepting license applications for cannabis dispensaries Tuesday morning at 9. At 4 p.m. 172 applications had been completed and submitted.
“Since the portal opened in December, potential cannabis entrepreneurs have been establishing accounts and beginning the application process, so we did not see the flurry of new accounts being set up today as we did on December 15,” said CRC Executive Director Jeff Brown. “What we saw were applicants who were already familiar with the system and ready to apply.”
Applications are now open for cultivation and manufacturing businesses, testing laboratories, and dispensaries. Applications are being accepted on a rolling basis and will remain open.
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.
New Jersey on Thursday is expected to reach a significant milestone in its long effort to sell recreational use cannabis to adults.
The Cannabis Regulatory Commission that oversees the nascent industry is expected to approve the first batch of conditional license applications for cultivation and manufacturing at its monthly meeting on Thursday.
In addition, five alternative treatment centers currently serving medical cannabis patients that applied to expand to sell to the adult-use market are also expected to be approved.
If approved by the commission, the five centers will be the only facilities selling cannabis initially to both the medical and recreational market.