Saturday, January 13, 2018 9:49:31 PM
What marijuana/cannabis businesses can you start in New Jersey?
Under the regulations, enacted as of January 18, 2010, New Jersey opened its doors for medical marijuana businesses - dispensary, cultivation, delivery, infused products, etc. However, applications for would-be entrepreneurs were closed on March 2011. Currently, the state has not indicated when they will accept new applications for their medical or recreational/adult-use programs.
Until the new governor is in place (starting January 16, 2018), and has time to get the program started, there's only a few things you can do until at least March or April of 2018. See the next sections for details.
What can I do right now?
To get ahead and be prepared for when the state re-opens the programs for medical and recreational, you should:
Read through the current regulations (linked at bottom of page) and determine what business type you'd like to have.
Get our free starter package to give you a general overview of what to expect when the state starts licensing marijuana businesses.
If you'll be seeking financing and investors or partners, you'll need a business plan to present to them right away. See our Marijuana Business Plans for New Jersey page for details and get a business plan to fit your needs.
If you're serious and want to determine what moves you can be making right now to get a leg up on the competition for licenses - get one of our marijuana business consultation packages and let our expert Associates review your situation and instruct on the intelligent moves you could be making now to increase your chances of winning licenses.
How To Open a Dispensary in New Jersey
Until the state opens their programs for licensing, these are the general steps to follow in setting up your dispensary business. Some of these can be taken care of now (business plan and incorporation), which would allow you to get a head-start on the process.
Setup your Marijuana Business Corporate Structure.
Create your Marijuana Dispensary Business Plan.
Determine your potential location(s) and investigate whether licensing is possible in the prospective cities or counties.
Acquire the necessary licenses to operate your dispensary and be completely legal and compliant.
Install the operational infrastructure to be in accordance with all regulations and then open your doors for business.
Contract with cultivators and/or extraction/infused products manufacturers to grow and produce marijuana products for you, if you don't want to do it yourself.
How To Grow/Cultivate Marijuana Legally in New Jersey
Same as Dispensary steps, the only difference is that you will be contracting with dispensaries and/or extraction/infused products manufacturers to grow marijuana for them.
How To Start a Marijuana Infused Products or Marijuana Extractions Business In New Jersey
Same as Dispensary steps, the only difference is that you will be contracting with dispensaries to provide your products to customers as well as contract with cultivators to grow marijuana for you, if you don't want to do it yourself.
The latest marijuana industry news, laws, & frequently asked questions for New Jersey.
Department of Health
Marijuana Policy Project
NORML
Recent IQST News
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 09:56:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:19:27 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 02/13/2024 04:40:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 03:47:57 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/08/2024 02:18:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 08:37:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 05:28:56 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/30/2024 09:58:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 09:24:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 10:26:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 10:22:44 PM
- IQST - iQSTEL and QXTEL Announce a Deal To Become Quarter Billion Revenue Corporation • InvestorsHub NewsWire • 01/22/2024 02:56:12 PM
- Will Acquisition News Send Shares of this Telecom Firm Higher? • AllPennyStocks.com • 01/22/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 05:11:18 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/28/2023 08:29:17 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 05:12:58 PM
- Company Preparing for Uplisting Announces YTD Results • AllPennyStocks.com • 10/19/2023 03:50:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/28/2023 04:15:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2023 08:04:54 PM
- IQST - iQSTEL Signs $10M Term Sheet with LDA Capital to Back Nasdaq Uplist Plan • InvestorsHub NewsWire • 09/13/2023 02:03:11 PM
- IQST - iQSTEL Announces $83 Million YTD Revenue Besting Forecasted Rate • InvestorsHub NewsWire • 09/07/2023 01:22:35 PM
- IQST - iQSTEL Engages First Prospects For AI-Enhanced Metaverse App V1.2 • InvestorsHub NewsWire • 08/29/2023 04:57:24 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 08/25/2023 08:54:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 05:40:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2023 08:46:36 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM