{"id":7060,"date":"2020-11-03T16:09:59","date_gmt":"2020-11-04T00:09:59","guid":{"rendered":"https:\/\/cannabisrealestateconsultants.com\/?page_id=7060"},"modified":"2024-05-28T15:30:08","modified_gmt":"2024-05-28T22:30:08","slug":"new-jersey-real-estate","status":"publish","type":"page","link":"https:\/\/cannabisrealestateconsultants.com\/new-jersey-real-estate\/","title":{"rendered":"New Jersey Real Estate & Cannabis Regulations"},"content":{"rendered":"

[vc_row][vc_column width=”1\/2″][vc_column_text]Cannabis Status:\u00a0Open<\/span><\/strong><\/p>\n

Applications Now Available For All Six License Classes<\/em><\/span><\/strong><\/p>\n

Recent Update 2\/13\/24:<\/strong> On March 27, 2024, the Garden State will open applications for three innovative cannabis license types: Wholesaler, Distribution, and Delivery licenses. This strategic expansion is accompanied by the highly anticipated introduction of marijuana consumption lounges, following the NJ-CRC\u2019s finalization of regulations for social use spaces. These developments collectively mark a transformative phase in New Jersey\u2019s cannabis sector, aimed at broadening access, ensuring consumer convenience, and fostering a safe and regulated cannabis environment.<\/p>\n

Update 5\/25\/23: <\/strong>Read the cities updates below for top locations becoming available for cannabis licensing.<\/p>\n

Update 2\/1\/23:\u00a0<\/strong>New Jersey opened up for applications in December of 2021 and is accepting applications on an ongoing basis for Class 1 Cultivator Licenses, Class 2 Manufacturer License, Class 5 Retailers, and Testing Laboratories.<\/p>\n

While there is a statewide cap on cultivator licenses, this will be lifted on February 22, 2023 and then additional rounds of cultivation licensing may begin.<\/p>\n

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.<\/p>\n

Name:<\/strong> New Jersey
\nPopulation:<\/strong> 8,910,000
\nMedian Income:<\/strong> $81,740<\/span>
\nCannabis Uses:\u00a0<\/strong>Growth and Cultivation, Processing, Manufacturing, Preparing, Packaging, Transferring, Retail and Consumption<\/span>
\nState Cannabis Overview: <\/strong>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.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_raw_html]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[\/vc_raw_html][vc_btn title=”View New Jersey Cannabis Real Estate Properties” style=”custom” custom_background=”#02723b” custom_text=”#ffffff” size=”lg” align=”center” i_icon_fontawesome=”fas fa-warehouse” button_block=”true” add_icon=”true” link=”url:%23properties|||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=”custom” border_width=”2″ accent_color=”#f0bb0b” css=”.vc_custom_1585940601511{padding-top: 10px !important;padding-bottom: 10px !important;}”][vc_single_image image=”7153″ img_size=”full” alignment=”center”][vc_custom_heading text=”New Jersey Cannabis & Commercial Real Estate Research” use_theme_fonts=”yes” el_class=”regAccordHeading”][\/vc_column][\/vc_row][vc_row][vc_column][vc_tta_accordion active_section=”0″ no_fill=”true” collapsible_all=”true” el_class=”cityRegsAccordian”][vc_tta_section title=”New Cannabis License Types Available in New Jersey” tab_id=”1585940043209-bf936cb7-15a9″][vc_column_text]The New Jersey Cannabis Regulatory Commission (NJ-CRC) is set to usher in a new era for the cannabis industry with groundbreaking updates that promise to significantly enhance the market landscape. On March 27, 2024, the Garden State will open applications for three innovative cannabis license types: Wholesaler, Distribution, and Delivery licenses. This strategic expansion is accompanied by the highly anticipated introduction of marijuana consumption lounges, following the NJ-CRC\u2019s finalization of regulations for social use spaces. These developments collectively mark a transformative phase in New Jersey\u2019s cannabis sector, aimed at broadening access, ensuring consumer convenience, and fostering a safe and regulated cannabis environment.<\/p>\n

Overview of New License Types in NJ<\/h3>\n

Wholesaler License: This license type introduces a pivotal role within the supply chain, allowing holders to purchase cannabis products in bulk directly from cultivators and manufacturers. Wholesalers are essential for the efficient distribution of cannabis products, serving as a bridge to dispensaries while ensuring product quality and regulatory compliance.<\/p>\n

Distribution License: Tailored to address the logistical demands of the cannabis industry, the Distribution License permits the transport of cannabis products among licensed entities. This includes the movement of products from cultivators to processors, from processors to dispensaries, or directly from cultivators to dispensaries. Distribution licensees play a crucial role in maintaining the integrity and security of cannabis products throughout the supply chain.<\/p>\n

Delivery License: In response to growing consumer demand for convenience, the Delivery License empowers businesses to deliver cannabis products directly from dispensaries to consumers. This service is pivotal for enhancing access, especially for patients and consumers who face challenges in physically accessing dispensaries. Delivery services will adhere to stringent safety and privacy standards to ensure a secure and discreet service.<\/p>\n

Note: All cannabis businesses, including delivery, require municipal approval to receive an annual license.<\/strong><\/p>\n

Marijuana Consumption Lounges in New Jersey<\/h3>\n

In a landmark decision on January 17, 2024, the NJ-CRC voted 4-0 to finalize regulations for the establishment of marijuana consumption lounges in New Jersey. This innovative concept allows for the creation of designated areas where individuals can purchase and consume cannabis products on-site, attached to dispensaries. However, to maintain a focus on cannabis consumption, the sale of food, alcohol, tobacco, or nicotine products within these lounges is prohibited. Patrons may bring or order food and non-alcoholic beverages, fostering a social and communal consumption experience.<\/p>\n

“New Jersey\u2019s cannabis industry is well on its way to being a billion-dollar industry, and consumption areas will likely bolster that \u2013 fostering a communal experience for those 21 and older around cannabis in a regulated and secure space,” said NJ-CRC executive director Jeff Brown.<\/p>\n

Consumption lounge operators will face a fee structure based on business size, with microbusinesses required to pay a $1,000 fee for a consumption area endorsement, and standard businesses a $5,000 fee. This tiered approach ensures equitable access for businesses of all scales to participate in this new venture.<\/p>\n

The application portal for consumption lounge licenses is poised to open in the upcoming months, following a few procedural steps. These lounges must comply with municipal regulations, including restrictions on the number of consumption areas, signage, and coordination with local emergency services, highlighting the importance of community integration and safety.<\/p>\n

The introduction of new cannabis license types and the establishment of consumption lounges represent a significant milestone in New Jersey\u2019s cannabis industry. These initiatives are designed to cater to the evolving needs of consumers and businesses alike, setting a new standard for innovation, convenience, and safety in the cannabis market. As New Jersey continues to lead with progressive cannabis policies, the state solidifies its position as a model for others to follow in the dynamic landscape of cannabis regulation and business development.[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”Top Cities in New Jersey for Cannabis” tab_id=”1707859000807-07745dcc-7f73″][vc_column_text]<\/p>\n

Jersey City<\/h3>\n

The Cannabis Control Board is now accepting applications (\u201cCCB App\u201d) for Class 1 to 6 Licenses. The Division of City Planning is currently accepting applications (\u201cGDA\u201d) for conditional use applications related to cannabis establishments and distributors.<\/p>\n

There is no cap to the maximum number of cannabis licenses permitted in Jersey City<\/a>. Instead, Jersey City is regulating the location and proximity of Cannabis Establishments and Distributors through zoning. Class 1 to 4 licenses are limited to certain zones. Class 5 licenses are limited to certain zones and in addition are typically 600 feet from one another.<\/p>\n

Elizabeth City<\/h3>\n

Applications accepted on an ongoing basis, no cap.<\/p>\n

https:\/\/www.elizabethnj.org\/541\/Cannabis-Local-License<\/a><\/em><\/span><\/p>\n

Atlantic City<\/h3>\n

Open on an ongoing basis.<\/p>\n

The Official Website of City of Atlantic City, NJ – Cannabis for the City<\/a><\/em><\/span><\/p>\n

Trenton City<\/h3>\n

Cap of 10 retail licenses, no existing retailers showed on state\u2019s database of licensed businesses.\u00a0 Apps open on city\u2019s website.<\/p>\n

Mount Laurel Township<\/h3>\n

No cap on licenses in the township according to municipal code.<\/p>\n

Teaneck Township<\/h3>\n

No cap on licenses in the city.<\/p>\n

Evesham Township<\/h3>\n

Cap of five retail licenses in the city.\u00a0 At least three have been proposed, but according to the state\u2019s list of licenses locations none has full approval yet.<\/p>\n

Rockaway Township<\/h3>\n

No cap on licenses in the town code.\u00a0 License applications available online.<\/p>\n

Lower Township<\/h3>\n

Cap of two retail licenses.\u00a0 Emailed the city clerk to inquire if licenses are still available, no locations showed on the state\u2019s list of approved licenses.<\/p>\n

Cliffside Park Borough<\/h3>\n

No cap on licenses in the ordinance.\u00a0 Cliffside Park Borough Cannabis Control Board meets regularly to consider licenses, most recently in late March.<\/p>\n

West Milford<\/h3>\n

Cap of ten retail licenses available in the city. \u00a0 Application available online. May be limited by proximity, there is a 2,500 foot setback distance between retailers.<\/p>\n

West New York<\/h3>\n

No formal cap on licenses.\u00a0 Township needs to a pass a resolution of support each time a company wishes to apply.<\/p>\n

Hackensack<\/h3>\n

No cap on licenses in the city in their ordinance.\u00a0 Reached out to the town to see if they are still accepting apps.<\/p>\n

Plainfield<\/h3>\n

City allows up to five retail licenses.\u00a0 Applications available on the city\u2019s website. Have asked the planning department if there are any licenses still available, at least 1 retail location has been approved and another is being currently considered.<\/p>\n

Franklin Township<\/h3>\n

No cap on licenses in ordinance.\u00a0 City has dozens of applications being currently processed.<\/p>\n

Union Township<\/h3>\n

City allows 2 retail licenses, no currently licensed location in the city.\u00a0 Have reached out to the city, and it appears there are two retail apps being considered.<\/p>\n

Vineland City<\/h3>\n

City allows 1 retail license, no currently licensed location in the city.\u00a0 Have reached out to the city to see if there any apps being processed<\/p>\n

Moorestown Township<\/h3>\n

Township has a cap of 6 total licenses across all license types, with two being reserved for microbusinesses.\u00a0 Reached out to the town to inquire if they are still accepting applications.<\/p>\n

Pennsauken Township<\/h3>\n

City has a cap of two retail licenses.\u00a0 Emailed the city to inquire if there are licenses left.<\/p>\n

Secaucus Township<\/h3>\n

Township has no cap on licenses in their ordinance.\u00a0 Reached out to the city to see if they are still taking applications.\u00a0 Local cannabis control board has approved one license and another is currently being considered.<\/p>\n

Hamilton Township<\/h3>\n

No cap on licenses in townships ordinance.\u00a0 Emailed the city\u2019s CFO in charge of applications to ask if they are still accepting retail applications.<\/p>\n

Roselle Borough<\/h3>\n

Cap of three retail licenses.\u00a0 Applications available online,<\/p>\n

Scotch Plains Township<\/h3>\n

Township has no cap on licenses in ordinance.\u00a0 Township has recommended three dispensaries to the state so far. Contacted city to inquire if they are still taking applications.<\/p>\n

Lawrence Township<\/h3>\n

Cap of two retail licenses.\u00a0 One license confirmed to have been issued, reached out to the township to ask if the other license is still available.<\/p>\n

Galloway Township<\/h3>\n

Township has no cap on licenses in ordinance, applications accepted on a rolling basis according to city code.<\/p>\n

Edison Township<\/h3>\n

Cap of three retail licenses.\u00a0 (emailed city to ask if any licenses remaining)<\/p>\n

[\/vc_column_text][\/vc_tta_section][vc_tta_section title=”New Jersey Uses \/ Distance Requirement \/ Cap of Business” tab_id=”1585939378107-4a163188-81ea”][vc_column_text]License Types:\u00a0<\/strong>Class 1 Cannabis Cultivator, Class 2 Cannabis Manufacturer, Class 3 Cannabis Wholesaler, Class 4 Cannabis Distributor, Class 5 Cannabis Retailer, and Class 6 Cannabis Delivery.<\/p>\n

Distance Requirement:\u00a0<\/strong>Under state review<\/p>\n

Caps:<\/strong> Cultivator licenses are capped at 37 statewide until 2\/22\/23, there are no other statewide caps.<\/p>\n

Note:\u00a0<\/strong>Cities may lessen the distance under their own ordinances<\/span><\/p>\n

Tax Rate:<\/strong><\/p>\n