Showing posts with label Cannabis Industry News. Show all posts
Showing posts with label Cannabis Industry News. Show all posts

Sunday, February 26, 2023

2023 Changes to NJ Cannabis Business Rules

 


Cannabis Law Changes

There are several new changes to the rules that govern the cannabis industry in New Jersey:

  • Three new license types will soon be available: Class 3, wholesalers; Class 4, distributors; and Class 6, delivery licenses.
  • The criteria for priority applications have been reordered with all Social Equity, Diversity-owned Businesses, and Impact Zone applications — including those for annual and conversion licenses — receiving review before all other applications.
  • There won't be statewide restrictions on cultivation licenses as of February 22nd, 2023 (your municipality may still have restrictions).
  • After February 22nd, 2023, cannabis license holders will be able to hold a cultivator license, a manufacturer license, a retailer license, and a delivery service license at the same time. 
  • License holders will be able to have only one of each and in any combination.  Additionally, wholesale license holders can also hold a distributor license. 
  • Expanded alternative treatment centers may cultivate, manufacture, retail, and deliver.