The Township and State of New Jersey have approved two businesses to operate in Maplewood Village as Micro Cannabis outlets. Under the rules in the current Maplewood ordinance the two, my CBD Organics, and the Canna Boss Lady, the two businesses locations do not meet the 500-foot distance requirement.
So, how much does it cost to operate a dispensary in New Jersey?
The cost of opening a dispensary in New Jersey is likely between $250,000 to $2,000,000. The variance is due to several cost factors, including where your dispensary is located and the type of license you acquire. Opening a micro business dispensary costs less than the projected amount.
What are some cost factors to opening a dispensary in New Jersey?
Some costs you will need to consider when setting up your budget include:
The Hoboken Planning Board allowed the Blue Violets cannabis dispensary application to proceed to a public hearing at its meeting Thursday, marking a victory for owners who are trying to overcome some community opposition.
The micro-dispensary planned for 628 Washington St. has faced questions of legality due to its proximity to two schools — Hoboken Charter School and All Saints Episcopal Day School — and the timing of its application submissions.
At the Tuesday meeting of the board of directors for the Casino Reinvestment Development Authority, members will consider a proposal for a cannabis dispensary at 2415 Pacific Ave.
The site is currently home to a vacant retail building, set between Delilah’s Den and a corner liquor store a block off the Boardwalk.
The application is for a “Class 5 micro dispensary for the sale of recreational cannabis” and requires a variance. The CRDA functions as the planning board for Atlantic City within the tourism district.
The company applying for the variance is Sonraj LLC.
Instead of awarding several widely-anticipated licenses for recreational marijuana sales, New Jersey regulators kicked the cannabis license issue down the road again today. The Cannabis Regulatory Commission voted to table a motion that could have expanded adult-use licenses to eight major alternative treatment centers — or ATCs — that already offer medical marijuana. Regulators expressed concerns about producing enough recreational products and also jobs to people victimized by the war on drugs, and mostly about preserving patient safety for medicinal users.
After voting in July to allow certain kinds of cannabis retailers within city limits, the Lambertville planning board is now reviewing applications for new businesses in the Delaware River towns.
In a special meeting on Feb. 23, the board will vote on two of the three proposals currently under consideration.
Baked by the River, a cannabis micro-business, hopes for site approval of a 660-square-foot shop at 10-12 Church St. The micro-business would then file for an annual license before the March 15 due date, should planning board approval go through.
Three ordinances regarding the legal sale of recreational cannabis in the village were introduced at the village Board of Trustees Jan. 24 meeting.
The ordinances were introduced in a presentation by South Orange Village Trustee Bob Zuckerman.
Amber Littlejohn, executive director of the Minority Cannabis Business Association, said “microbusinesses can be a great thing.”
“However, when there are arbitrary limits on growth and structure, they are not,” she told MJBizDaily.
Take New Jersey, for example. Microbusinesses there will be capped at 10 employees and a maximum cultivation area of 2,500 square feet.
Will There Be a Craft Marijuana Industry in New Jersey?
With adult-use marijuana being recently legalized in New Jersey and New York, the same industry idea that was kicked around to encourage microbreweries to open has been incorporated into the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (CREAMMA) for cannabis “microbusinesses” to open.
So, what is a cannabis “microbusiness”?
What this means: Door-to-door cannabis delivery, like Domino’s pizza, but with strict rules and menu items like Blueberry Kush and Sour Diesel.
The fine print: Despite the tangled and often congested mess of highways in New Jersey, not everyone owns a car.
So to make the drug available to more people, the bill would allow delivery. But ordering marijuana requires a lot more paperwork than ordering two pepperoni pies.
Customers must have documentation proving that they are 21, the legal age the bill would set to buy cannabis products.