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A new marijuana dispensary is coming to Somerset County.
Cloud Nine Cannabis Dispensary, owned by Cloud Nine Dispensary LLC, was previously approved for the location at 513-527 Route 22 West in North Plainfield by the Borough Council. And signs for the new dispensary were recently posted this month.
The resolution by the Council said the dispensary's location is "appropriately located" in a commercial and business zone and not in a residential zone.
If your conditional, conversion, microbusiness, or annual application has been approved by the Cannabis Regulatory Commission, congratulations! You have cleared the first major hurdle in obtaining a cannabis license in New Jersey.
New Jersey cannabis regulators believe there's room to grow when it comes to getting people from economically-disadvantaged areas — especially those previously convicted of marijuana crimes — into the state's brand new legal weed industry.
According to statistics released by the New Jersey Cannabis Regulatory Commission last week, over 72% of all cannabis licenses have gone to diversely-owned businesses, including more than two-thirds of all "annual" licenses."
Hundreds of businesses in New Jersey are one step closer to fully operating in the cannabis industry. Last month, the Cannabis Regulatory Commission approved nearly 300 additional conditional licenses, bringing the total to date to about 800. The CRC also approved the first 18 annual licenses.
New Jersey regulators approved the first 18 annual adult-use cannabis business licenses for the state’s marijuana market.
According to a Thursday news release, the New Jersey Cannabis Regulatory Commission (CRC) approved eight applications for annual licenses and another 10 applications to convert existing conditional permits to annuals.
Conditional licenses are an important step for those new businesses to work on securing real estate and financing, gaining municipal approvals and, ultimately, receiving annual licenses.