The requirement to apply for a class 5 New Jersey cannabis retail license
- At least one substantially engaged individual who has been an NJ resident for at least two years on the date of application and has documentation that he or she has a financial interest and any other person with decision-making power for an applicable cannabis reseller is 21 years or older.
- In compliance with all requirements of the Commission’s rules concerning the fees payable and compliance with all obligations of any retailer in respect of public health and safety standards and best practices in the industry.
- Enter a criminal history background examination for each owner, manager, officer, and employee (this provision does not apply for owners who hold less than 5 percent investment interest in a cannabis retailer or who is a member of a group with less than 20 percent investment interest in a cannabis retailer or who are members of a group with no more than five pp investment interest).
To participate in possession, securing, or selling cannabis products in the registered premises, registering the possession, securing, or selling of marijuana products to or from New Jersey cannabis retail license institutions, or to any individual who did work in or on behalf of any licensees’ classes, the above requirements would also be valid certification issued by the commission.
To get said certification, the CRC may require applicants to take a one-time course that covers verifying identity, detecting drunkenness, appropriate handling of cannabis goods, and statutory and regulatory regulations about cannabis. A criminal history record background check would also be performed on the person seeking certification.
Each application for a full yearly dispensary license would be reviewed by the CRC and scored on a point scale, with the CRC deciding the number of points. The point scale’s criteria would take into account, among other things, the following:
- The operating, environmental, and safety, and security plans of the application.
- Whether the application is from an “impact zone,” which are communities that have been badly impacted by previous marijuana businesses, resulting in increased law enforcement action, unemployment, and poverty.
- Whether the application contains a five-year in-state resident who was a “significantly engaged person,” defined as someone with at least a 5% investment interest or a member of a group with at least a 20% investment interest and power to make controlling decisions.