Dispense has been acquired by Alpine IQ 🎉 🤝
Dispense has been acquired by Alpine IQ 🎉 🤝
New Jersey recently joined the recreational cannabis market, with the state beginning licensed sales of recreational cannabis on April 21, 2022. Cannabis is a new and evolving industry with tons of buzz, but getting into recreational dispensary sales is no small feat. Each state has its own rules and regulations when it comes to weed. Here’s how to get into the adult-use cannabis game in New Jersey…
Just because NJ is legal doesn’t mean you can sling kush anywhere. Many local ordinances opted out of recreational cannabis sales, so there’s a limited scope to place your physical dispensary.
When applying for your NJ license, one requirement is a detailed business plan. This includes physical location, proof of funding, inventory planning, revenue projections, staffing, diversity and equity objectives, and marketing plans.
To apply for a dispensary license in New Jersey, it’s required that you’ve chosen your entire tech stack and softwares you’ll be using to run your business. The technology you end up choosing will become an integral part of your staff’s day-to-day life, so it’s important to do your research. Committing to a product you’ve never used is intimidating, but never fear – we have tried and true recommendations to help you hit the ground running.
Compliance is non-negotiable, and New Jersey requires dispensaries to report cannabis inventory to the state.
In order for your dispensary to be profitable, you need to be online and leverage search engines like Google to favor your store. It’s easy to do this with a native menu like Dispense that turns your website into an intuitive and customizable menu for your customers, all while optimizing your product pages automatically so shoppers find your business first.
You want your softwares to work together. Dispense integrates with several Point-of-Sale platforms to make your dispensary management a breeze. We recommend checking out BLAZE, Alleaves, and Flowhub.
Running your day-to-day operations should be as simple as possible. Dispense is equipped with an intuitive CRM, real-time customer chat, powerful POS integrations, and staff management tools to efficiently manage your business.
Of the six different types of licenses available, determine which will meet your needs. At least one dispensary owner must be a New Jersey resident for 2+ years. Other contingencies of receiving your license include background checks, tax returns, personal history disclosure, application fees, and social equity documentation (if applicable). Once approved, you’ll pay an $800 approval fee as well as licensing fees.
