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Dispensary Tips

How to Start a Dispensary in New Jersey

By
Dispense

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…

Dispensary Checklist: New Jersey

1. Check your area


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.


2. Business plan or bust


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.


3. Sort out your tech stack


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.


4. Inventory Tracking


Compliance is non-negotiable, and New Jersey requires dispensaries to report cannabis inventory to the state.

5. Cannabis eCommerce


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.

6. POS


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.

7. Dispensary Management


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.

8. License to get lit


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.

Dispense App: Your #1 Choice for  Cannabis E-Commerce Solutions

When your business is ready to sell cannabis online, consider the particulars of these two e-commerce strategies to make the best decision for your dispensary. At Dispense, we empower cannabis retailers to sell cannabis on their website with the sleek and powerful online shopping experience customers have come to expect. Own your customer data, kickstart your marketing strategy, and optimize your website all under one roof.

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