With NJ's deadline to begin legal marijuana sales now in doubt, aspiring entrepreneurs are facing significant challenges entering the state's cannabis industry, including fierce competition for licenses, local barriers to entry and sparse warehouse space.
decided not to allow dispensaries and 58% said no to cannabis lounges — but they weren’t given the option to outlaw other types of cannabis operators.
The state is not restricting the number of licenses it will issue in other business categories, such as for manufacturing or retail. It is also seeking to make the industry accessible to local entrepreneurs by allowing an unlimited number of microbusinesses, which will be able to grow, process and sell smaller amounts of marijuana.
For years, Paul Bially has been helping farmers improve their soil health through his consulting firm Bially Formulators. Now, the Pitman resident wants to put his scientific knowledge to use growing cannabis. Northern New Jersey is home to almost 500 million square feet of warehouse space, but the vacancy rate was down to 2.9% in the third quarter of last year, according to an
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