New Jersey Cannabis Advisory

The New Jersey cannabis market never quite exploded as expected and the hype followed by excruciating delay dampened the interest of many investors as well as frustrated Social Equity Applicants, conditional licensees and other hopeful operators.  

The MSOs being allowed to sell to adult-use starting 4/21/22 got the market moving and the revenue trickling in but the market was kneecapped by the slow pace of retail openings and a supply chain struggling to fund its build out.

With only 177 retail storefronts across the state, an anemic 20 for every million New Jersey residents, the industry is further hampered that these operators are only averaging $5.4MM per door.  

Municipal friction, and in many cases outright malfeasance, have caused the clustering of dispensaries and the corresponding oversaturation in micromarkets.  The pinch is being felt by the larger operators and the smaller stores are struggling to even get open.  

If you are a Class 1, 2, 3, 4, or 5 licensee in New Jersey, I can help you get across the finish line.  

• Fundraising: Helping you put together a deck, create visibility, connect with investors.
• Governmental Affairs: Monitoring federal, state, local developments and engaging legislators from the municipal to state level.  
• Property Vetting: Ensure site compliance, work with municipality and land use attorney to get necessary approvals
• Buildout: Ensuring site compliance, working with vendors to effect a timely path to becoming  operational
• Operations: Ensuring continued compliance, process improvement and strict cost controls with adherence to best practice quality standards for cultivation and manufacturing, connect with retailers and wholesalers.
• Measuring Sentiment: As it applies to catalysts at the state and federal level.  The cannabis industry in the United States is made up of dozens of markets in varying levels of maturity.  Trends and levers have long lead times.
• Licensing/Application Writing: SOPs, pro formas, business plans

The adult-use cannabis market in our new convenience-based economy is forcing dispensaries to redefine the next generation of retail.

To start a conversation about your place and timing in the New Jersey adult use cannabis market, call Jamie at 302-750-9678, use our contact form or book a call.