N.J. Admin. Code § 17:30-6.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:30-6.5 - Impact zone business

(a) An impact zone business means a license applicant or license holder:

1. That operates a cannabis business that is located, or intended to be located, within an impact zone;

2. Where more than 50 percent of the ownership interest is held by a current resident or residents of an impact zone who have resided there for three or more consecutive years at the time of application; or

3. That presents a plan, along with an attestation, to ensure that:

i. At least 25 percent of its employees reside in any of the State's impact zones; and

ii. Among the employees who reside in impact zones, at least 25 percent reside in the impact zone nearest to, or within a 25-mile radius of, the cannabis business's location or intended location.

(b) For a license issued based upon an application with an impact zone employment plan pursuant to (a)3 above, failure of an impact zone business to meet the requisite percentages of employees from an impact zone within 90 days of the commencement of operations of a cannabis business may result in the suspension or revocation of a license issued.

(c) An impact zone business shall submit, in its cannabis business license application or renewal application, documentation verifying its impact zone business status, including evidence and attestations from any qualifying owner, passive investor, or employee proving the qualification of the person pursuant to the criteria at (a) above.

N.J. Admin. Code § 17:30-6.5

Adopted by 53 N.J.R. 1583(a), effective 8/19/2021

Amended by 55 N.J.R. 402(a), effective 3/6/2023