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Obtaining a New Jersey cannabis retail license for sales is a multifaceted process

An examination of the procedure for a New Jersey cannabis retail application gives us an understanding of several chances to increase the likelihood of success. The following is a summary of the positions adopted by successful candidates, which are not required by statutes or rules. This is a dynamic scenario instead of a static list to succeed, based on knowledge of the process.

  • License for a Medical Dispensary

The needed components are an appreciation of the successful candidates for a medical marijuana dispensary license in New Jersey. Successful candidates were assigned to one of four roles.

  1. A lawyer must collect and comprehend local laws etc., draw up company papers and internal governance, and be in close touch with the State to deal with all national rules. The attorney will be responsible for the central organization, licensing, and open communication of the professional staff at the Cannabis Committee of the National Bar Association in New Jersey to assure appreciation of the most effective procedures and any changes to the regulations and the rules for applications. The lawyer should be aware of all problems related to cannabis intellectual property.
  2. Certified accountable in New Jersey with expertise on cannabis-based banking regulations and tax obligations.
  3. A lobbyist to the licensing committee (currently the Department of Health in New Jersey).
  4. A project manager/application writer in collaboration with the lobbyist and the attorney to draught and file the application. NJ Bar Cannabis Committee colleagues may give a list of the most effective individuals to choose from (e.g., those whose applications are already licensed).

Each of the experts named will be paid on an hourly basis rather than having equity under the existing norms and ethical regulations. Equity may be available once the license and business have been established. Each expert should inquire about and get malpractice insurance tailored to the cannabis business.

Furthermore, successful candidates discovered that having support staff was critical to achieving a satisfactory score on their applications. 

  • Licensing for retail and recreation

Because recreational marijuana usage is illegal in many states (including New Jersey), there is no legislation or procedures in place to acquire such a license. The most efficient approach to get a retail/adult-use license for the sale of cannabis may be to first obtain a medical marijuana dispensary license (which is permitted in New Jersey) and then convert that license to a retail/adult use licence when/if they become available.