Give Your New Jersey Cultivation License a Huge Boost with Application Templates
Application templates are documents that make it much easier to put together a competitive cannabis application. We have filled these documents with industry standard cannabis operations information, along with policy citations from New Jersey cannabis regulations.
Need Help Getting Started with Your New Jersey Cannabis Application?
This document template set will save you hundreds of hours preparing your application!
The State of NJ is granting 37 competitive cannabis licenses in 2021. These license applications will be scored, compared and judged against each other to determine the winners. Qualified applicants must be New Jersey residents, have no conflicts of interest, a clean criminal record (certain less serious offenses might not be disqualifying), and sufficient funding (think in the millions).
If you have all of these qualifications, the next step is creating a competitive application document set. That’s where we come in.
Being a New Jersey cannabis license applicant is a great opportunity, but will be very expensive and complicated. We don’t want you to be intimidated, but we do want you to be realistic. This is a high-stakes, high-dollar competitive process.
My name is Jennifer Martin and I’ve been working on cannabis industry documents and application materials since 2016. At heart, I’m a commercial grower, and I wish it were easy to legally set up shop anywhere and just grow cannabis plants for a living. Unfortunately though, states are generally making it difficult to get a cannabis license, and has been especially true in New Jersey. Fortunately, that is beginning to change.
The licensing requirements for adult-use have not yet been fully published, but if we rely on what NJ has done in the past with the medical cannabis licensing program, licensing requirements will be on par with some of the toughest application competitions around the country.
Fortunately, if you don’t want a large-scale license, or if you don’t win the competitive round of licensing, you can always open a microbusiness of 10 employees or less.
Over time, the regulations will liberalize for larger cannabis businesses, but for now, we estimate that 400 hours of time will be required to put into gathering and organizing your cannabis application materials. With the cannabis license templates we sell here, we believe we’ve reduced your workload by at least 300 hours.
The Four Pillars of Winning a Competitive Cannabis License Application
- Have a Strong Team – The biographies, work experience and educational backgrounds of your executive team and its advisors are critical to showing the State of Illinois that you have the experience to succeed as a cannabis license holder.
- Have a Facility Location Pinned Down – The State of Illinois wants to grant cannabis licenses to people who can live up to their strict requirement of being operational within 6 months. This means you should have permission from the city, own or have a long-term lease with the owner, have written proof that the owner is fully informed about your cannabis production plans, and show that you have access to adequate utility service.
- Have Solid Financial Backing – No cannabis business can survive without adequate investment capital. Building a cannabis production facility costs at least $300 per square foot if you invest in reliable environmental control systems. Plus, you need to pay employees and development costs for at least 9 months before cultivation income starts covering your operating costs.
- Submit a Complete, Well Organized Application – The cannabis regulators of any state are just like other humans; they like it when things are easy. Because of this, your application should be as orderly, complete and succinct as possible, as well as perfectly within their guidelines and expectations.
New Jersey Cannabis Application Planning
Before the application guidelines are published, all we know for sure is that you’ll be required to have a properly zoned location, sufficient financing, relevant experience, and 3 major operating plans- A Cultivation Plan, a Security Plan and an Environmental Sustainability Plan.
We are currently in the process of putting these New Jersey cannabis application documents together for you. We anticipate having them ready in March 2021.
- Note: It’s very important to have an attorney or compliance expert review all of your documents before you submit! You will be competing against many other applicants who have experience obtaining competitive cannabis licenses in other states, and against high-power legal teams. We try our best to include everything that’s important, but we cannot be held liable for mismatches between the details of these documents and New Jersey cannabis regulations.