New Jersey Real Estate & Cannabis Regulations

Cannabis Status: Opening

In November 2020, the citizens of New Jersey overwhelmingly voted to approve Public Question 1, legalizing recreational cannabis in the state. After several months of delay in the State Assembly and Senate, a bill to implement the state’s cannabis program has officially been signed into law by the governor on February 22nd, 2021.

Under the bill, a Cannabis Regulatory Commission will be formed to regulate and oversee the licensing structure for the state. In the next few months, we will have more details on how to apply for a cannabis license in New Jersey.

The state is a highly anticipated market due to its geographic location, which will provide several opportunities for those in the state and those just outside the state in the tri-state area. On this page our team has done research on the New Jersey’s demographics, market analysis, taxation, cannabis regulations and more to assist clients in searching for the best property in the state.

Name: New Jersey
Population: 8,910,000
Median Income: $81,740
Cannabis Uses: Growth and Cultivation, Processing, Manufacturing, Preparing, Packaging, Transferring, Retail and Consumption
State Cannabis Overview: Under the bill, a Cannabis Regulatory Commission will be formed to regulate and oversee the licensing structure for the state. In the next few months, we will have more details on how to apply for a cannabis license in New Jersey.

New Jersey Cannabis & Commercial Real Estate Research

Uses: Growth and Cultivation, Processing, Manufacturing, Preparing, Packaging, Transferring, Retail and Consumption

Distance Requirement: Under state review

Caps: Initial cap of 37 cultivators for the first two years

Note: Cities may lessen the distance under their own ordinances

Tax Rate:

  • Medical marijuana: New Jersey is in the process of slowly lowering taxes on medical cannabis purchases:
    • 4% on sales made until June 30, 2021
    • 2% on sales made between July 1, 2021, and June 30, 2022
    • 0% on sales made on and after July 1, 2022
  • Adult use retail: New Jersey’s recreational program is expected to come online later this year. Sales will be subject to the 6.625% statewide sales tax, but no specific marijuana excise tax. Local municipalities will be permitted to tack on an additional 2% sales tax.

Newark

Jersey City

Paterson

Elizabeth

Lakewood

Trenton

Camden

Atlantic City

Woodbridge

Visit CREC Portal for more information on New Jersey Real Estate.

Trusted Cannabis Professionals from CREC Directory

View the CREC Directory for our personally vetted and highly recommended professional service providers.

How CREC Team Gets The Deal Done!

We now offer a full suite of services for cannabis industry professionals, entrepreneurs, service providers, real estate agents and brokers to successfully find viable cannabis real estate properties.

CREC Network of Brokerage Professionals

Gain the advanced knowledge, improve your listings awareness, and access a professional network essential for closing sales in the cannabis industry.

Cannabis Compliance Services

Ask us anything! Our compliance team will quickly improve your ability to safely execute cannabis business transactions or to evaluate your current operations.

CREC Technology Portal

Access the same interactive tools our real estate brokers use to research new locations for viable cannabis properties. Get your access today!

CREC Business Directory

Growing network of vetted cannabis professionals from attorneys to insurance to real estate agents. CREC Directory to be released soon!

Available New Jersey Cannabis Business & Property Listings

Review our New Jersey cannabis real estate for sale or lease below. We also have businesses in NJ for sale with a cannabis license. Contact us for more information and sign up to be a buyer or a seller on our website to get started with your property in the state of New Jersey.

We can help you find a property in our network, even if not listed in our online inventory. Ask us how!

How Can We Help Your New Jersey Cannabis Real Estate Search?