Beginning September 27, 2023, the New Jersey Cannabis Regulatory Committee (“CRC”) will open three new adult-use cannabis license categories- Wholesaler, Delivery, and Distribution- in the Garden State. Ansell Law remains prepared to assist clients seeking to secure one of these new license types as opportunities in this exciting industry develop.
- Wholesale-Class Three License: A marijuana wholesaler license, also called a Class 3 license in New Jersey, allows the holder to purchase or obtain, store, sell or transfer, and transport marijuana products for resale or to other cannabis wholesalers or retailers.
- Distribution-Class Four License: A cannabis distributor, also a Class 4 license, enables distributors to transport marijuana items in bulk intrastate from one licensed marijuana establishment to another and store the marijuana or marijuana products briefly, if necessary, to fulfill their duties in transporting the goods.
- Delivery- Class Six License: A delivery license or Class 6 license offer a cost-effective gateway for many aspiring entrepreneurs to enter the cannabis industry. Similar to food delivery services such as GrubHub or DoorDash, these licenses empower businesses to Transport a consumer’s purchases of recreational use cannabis and related supplies from the retailer to that consumer from cannabis retailers.
With 9 million residents, millions of annual visitors, a higher-than-average national income, and an estimated adult-use market that is projected to generate $850 million-$950 million in annual retail sales by 2024, the CRC’s rollout of Class Three, Four, and Six licenses represents a significant advance in the already lucrative and flourishing State cannabis market.
Starting September 27, social equity applicants—including those with previous marijuana-related convictions and individuals from economically disadvantaged regions seeking wholesale, distributor, and delivery licenses get priority for three months. Then for the next three months, diversely owned cannabis businesses—owned by women, minorities, or disabled veterans—receive priority.
Our Controlled Substances and Regulatory Practice attorneys understand the complex laws related to the production, sale, use, regulation, and legalization of controlled substances, including hemp, cannabis, and psychedelics. A multifaceted area of the law with conflicting regulations from different governing bodies, we help our clients navigate all aspects of this emerging field. We are committed to helping our clients understand their rights and opportunities in this evolving area of law.
