The New Jersey Economic Development Authority (NJEDA) has approved a $5 million initiative aimed at supporting early-stage recreational cannabis businesses across the state. The Cannabis Business Development (CBD) Grant Program offers relief for small, locally owned cannabis businesses that are navigating the challenges of compliance and daily operations. Eligible businesses can receive a one-time reimbursement of $75,000 to help cover ongoing State and local regulatory costs and operating expenses.
To qualify for the CBD Grant Program, applicants must:
Hold a valid and current NJ Cannabis Regulatory Commission (NJCRC) annual license and digital card.
Be operating—or close to launching—a business in one of the following categories:
Class 1: Cultivator
Class 2: Manufacturer
Class 5: Retailer
Testing Laboratory
To promote equity in cannabis business development, the program excludes:
Multi-State Operators (MSOs)
Transitional Alternative Treatment Centers (ATCs)
Any applicants who previously received funding from NJEDA’s Joint Ventures or Seed Equity Grant programs.
“Centering equity in cannabis economic development means ensuring that capital flows to the local entrepreneurs who need it most,” said Tai Cooper, NJEDA’s Chief Community Development Officer. “By excluding MSOs and ATCs, this program prioritizes small, independent operators who are investing in New Jersey’s future — creating jobs, generating local wealth, and laying the groundwork for a more inclusive and competitive industry statewide.”
More details about the Cannabis Business Development Grant Program will be released in the coming weeks. Interested entrepreneurs and stakeholders are encouraged to visit NJEDA’s website and follow NJEDA on social media for the latest updates.
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