New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 30 - PERSONAL USE CANNABIS RULES
Subchapter 6 - CANNABIS BUSINESS LICENSING GENERAL TERMS
Section 17:30-6.4 - Diversely owned businesses

Universal Citation: NJ Admin Code 17:30-6.4

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Until such time that the Commission determines that it will develop its own certification process, a "diversely owned business" means a license applicant or a license holder that has been certified as a minority-owned business, as a woman-owned business, as a disabled-veteran-owned business, or as any combination thereof, by the Division of Revenue and Enterprise Services in the Department of the Treasury.

1. A minority-owned business or minority-owned business enterprise is a business that meets the requirements at N.J.S.A. 52:27H-21.18 et seq., including, but not limited to, that:
i. At least 51 percent of the ownership interest is held by persons who are minorities; and

ii. The management and daily business operations are controlled by one or more of the minorities who own it.

2. A woman-owned business or women-owned business enterprise is a business that meets the requirements at N.J.S.A. 52:27H-21.18 et seq., including, but not limited to, that:
i. At least 51 percent of the ownership interest is held by persons who are women; and

ii. The management and daily business operations are controlled by one or more of the women who own it.

3. A disabled-veterans-owned business or disabled veteran-owned business enterprise is a business that meets the requirements at N.J.S.A. 52:32-31.2, including, but not limited to, that:
i. At least 51 percent of the ownership interest and control is held by persons who are disabled veterans; or

ii. The business has been officially verified by the U.S. Department of Veterans Affairs as a service-disabled veteran-owned small business.

(b) A diversely owned business shall submit, in its cannabis business license application, the certification from the Division of Revenue and Enterprise Services, Department of Treasury, pursuant to N.J.S.A. 52:27H-21.20 and 52:32-31.8.

(c) The decision of the Division of Revenue and Enterprise Services to issue a certification in accordance with the rules of the New Jersey Department of the Treasury shall not be substituted by the Commission.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.