Qualifications for eligible businesses include holding a conditional New Jersey recreational cannabis license, business formation after March 9, 2020, and employing 50 or fewer employees. Applicants are limited to one application per federal EIN. Applicants operating from multiple locations under a single EIN are limited to one application under the sole EIN but may pool project costs from multiple locations into a single application.
Requirements for Joint Ventures
- Targeted toward entities that are farther along in the licensing process but still have significant carrying costs.
- Requires conditional or annual license, secured real estate, and municipal approval (upload information proving approvals).
- 24 awards
- Open to all applicants; 40% set-aside for social equity applicants; 5% set aside for Impact Zones