2022;20(April):35
It will grow from $256.23 billion in 2025 to $265.14 billion in 2026 at a compound annual growth rate (CAGR) of 3.5%
New Jersey Cannabis Business Licensing Fees Cannabis License Application Fees in New Jersey Standard Cannabis Business Licensing Fees: Cannabis Application Submission Fee : $200 Cannabis Application Approval Fee : $800 Cannabis Conditional Conversion Submission Fee : $200 Cannabis Conditional Conversion Approval Fee : $800 Microbusiness Cannabis Licensing Fees: Cannabis Application Submission Fee : $100 Cannabis Application Approval Fee : $400 Cannabis Conditional Conversion Submission Fee : $100 Cannabis Conditional Conversion Approval Fee : $400 Annual Cannabis License Costs For Standard Cannabis Operations: Cannabis Application Submission Fee : $400 Cannabis Application Approval Fee : $1,600 For Microbusiness Cannabis Ventures: Cannabis Application Submission Fee : $200 Cannabis Application Approval Fee : $800 Cannabis Testing Laboratory Application and Approval Fees Cannabis Testing Laboratory Submission Fee : $400 Cannabis Testing Laboratory Approval Fee : $1,600 Expanded Alternative Treatment Centers (ATC) Certification Fees Medical Cannabis Cultivator Expansion Fee : $400,000 Medical Cannabis Manufacturer Expansion Fee : $300,000 Medical Cannabis Dispensary Expansion Fee : $100,000 Vertically Integrated Cannabis ATC Fees : Ranging from $800,000 to $1,000,000 based on the number of dispensaries Tiered Cannabis Cultivation License Fees Class 1 Cannabis Cultivator License Fees for Standard Business: Tier I Cannabis License Fee : $5,000 Tier II Cannabis License Fee : $10,000 Tier III Cannabis License Fee : $20,000 Tier IV Cannabis License Fee : $30,000 Tier V Cannabis License Fee : $40,000 Tier VI Cannabis License Fee : $50,000 Class 1 Cannabis Cultivator License Fee for Microbusiness: Microbusiness Cannabis Cultivator Fee : $1,000 Cannabis Manufacturing License Fees Class 2 Cannabis Manufacturer License Fees for Standard Business: Cannabis Manufacturing License Fee Up to 10,000 sq ft : $20,000 Cannabis Manufacturing License Fee for more than 10,000 sq ft : $30,000 Class 2 Cannabis Manufacturer License Fee for Microbusiness: Microbusiness Cannabis Manufacturing Fee : $1,000 Cannabis Wholesale and Distribution Licensing Fees Class 3 Cannabis Wholesaler License Fee : $10,000 for a standard license and $1,000 for a microbusiness license Class 4 Cannabis Distributor License Fee : $3,000 for a standard license and $1,000 for a microbusiness license Retail Cannabis Dispensary and Delivery Service Fees Class 5 Cannabis Retailer License Fee : $10,000 for a standard license and $1,000 for a microbusiness license Class 6 Cannabis Delivery Service License Fee : $3,000 for a standard license and $1,000 for a microbusiness license Cannabis Laboratory Testing License Fee Cannabis Testing Lab Licensing Fee : $4,000 Key Features of Recreational Licenses Vertical Integration : Operators can hold multiple types of licenses simultaneously, except for wholesale and distributor licenses, which are exclusive
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