New Jersey regulators reportedly won’t make Saturday’s statutory deadline to begin accepting adult-use marijuana business license applications for the projected $1 billion market.
But they plan to publish a public notice that lists an application start date and the information an applicant will need to submit an application, NJ.com reported.
Regulators intend to provide businesses a clear picture of what materials they will need to submit an application so they can prepare to do so before the licensing round is opened.
The online news outlet noted that such a process could provide a more equitable opportunity for smaller entrepreneurs who likely won’t have the application assistance that larger companies can afford.
“It doesn’t mean we’re not going to open up applications soon,” an unidentified commission source told NJ.com.