Cannabis Equity Grant Program

We will be announcing the date that applications will be open.

NJEDA is currently developing financial assistance products to support cannabis and cannabis-related businesses – more information will be shared on the NJEDA website, when available.

The Cannabis Equity Grant Program is a $10 million pilot program that is open to conditional and annual New Jersey recreational cannabis license holders. It will utilize a state appropriation to support new businesses in the cannabis industry for their start up and operational costs during the first three years of operation.  

Eligibility Assessment Tool

The Eligibility Self-Assessment can walk you through the basic eligibility criteria for the Cannabis Equity Grant-Joint Ventures.   



The Joint Ventures grant will award $250,000 grants to eligible businesses. The Seed Equity Grant will award $150,000 grants to eligible businesses.



Businesses will receive funding for operational costs and will be eligible for technical assistance.



Qualifications for these businesses include holding a conditional cannabis license, business formation after March 9, 2020, and employing 50 or fewer employees.

The Cannabis Equity Grant Program is aimed at assisting start-ups by providing businesses with grant funding for early-stage start-up expenses and operational costs. There is up to $10 million in state funding available for applicants. $6 million of that state funding will be allocated to the Joint Venture Grant Program.

Applications will be accepted on a rolling basis until funding is exhausted.

Qualifications for eligible businesses include holding a conditional New Jersey recreational cannabis license, business formation after March 9, 2020, and employing 50 or fewer employees. Applicants are limited to one application per federal EIN. Applicants operating from multiple locations under a single EIN are limited to one application under the sole EIN but may pool project costs from multiple locations into a single application.

Requirements for Joint Ventures

  • Targeted toward entities that are farther along in the licensing process but still have significant carrying costs.
  • Requires conditional or annual license, secured real estate, and municipal approval (upload information proving approvals).  
  • 24 awards
  • Open to all applicants; 40% set-aside for social equity applicants; 5% set aside for Impact Zones

Requirements for Seed Equity Grant

  • Requires a conditional license.
  • Targeted toward entities with a conditional license and want to obtain an annual license but need more assistance to progress to their actual application.
  • 24 awards
  • EDA sponsored Technical Assistance Training enrollment is mandatory.
  • Open to Social Equity applicants; 5% set aside for businesses located in Impact Zones.

There will be two grant products available in the program. The Joint Ventures grant will award $250,000 and the Seed Equity grant will award $150,000 to eligible businesses. Only one award is allowed per Employer Identification Number (EIN) for the life of the program.

Approval Fee: $1,000

 There is a fee waiver for Seed Equity Grant applicants.

For the Joint Ventures award, there will be a pre-application review. An application fee will not be required until after pre-application review. To further encourage participants in economically disadvantaged areas, the application fee of $1,000 for those in these locations may be waived.

A Division of Taxation Tax Clearance Certificate is required. Certificates may be requested through the State of New Jersey’s Premier Business Services (PBS) portal online. Under the Tax & Revenue Center, select Tax Services, then select Business Incentive Tax Clearance. If the applicant’s account is in compliance with its tax obligations and no liabilities exist, the Business Incentive Tax Clearance can be printed directly through PBS.


Joint Ventures Grant Webinar

Thursday, March 16th at 6:00pm

Register Here


For more information or to ask a specific question please send an email to and a team member will reach out to you.