The Real Estate Hunt Is On: New Jersey to Issue Up to 108 Additional Medical Cannabis Licenses
The 108 new licenses will be split into three different types of endorsements:
- 54 dispensary endorsements
- 24 cultivation endorsements
- 30 manufacturing endorsements
To allow small and medium-sized businesses to participate in the program, cultivation endorsements will be available in three sizes: 5,000 square feet, 20,000 square feet, and 30,000 square feet. Another big opportunity for smaller businesses is retail, since they will no longer have to grow and process it themselves.