In our New Jersey cannabis license video, we’re going to go over a flowchart that I’ve created after review of the regulations, the regulations, this is the flowchart, the regulations themselves are 160 pages, and they came out on August 19. So a month ago, New Jersey hasn’t released in additional details, they’ll probably be coming out. But you have to be conscientious of the litigation that’s continuing to go on with previous applicants from 2019. They’re trying to be resolved and taken care of prior to more being developed. But that’s, that’s something that you kind of have to plan on in New Jersey, especially with the method that I’m going to be going over and disclosing for you. This is one of the things that I would do if I’m going to be approaching an application in New Jersey, or how I’d approach it for my clients, because it’s going to require a little bit of math, but then also some
understanding and appreciation about how the regulations are coming together. And methods that you can use to comply with the spirit of the social equity and the priority applicants that are granted priority in their application process and the lower barrier to entry that this method will create. Now, this is an easy method, we are going to discuss something called spvs. They stand for special purpose vehicles. These are complex, they are extremely complex, very often they’re called hedge funds or private equity funds. But you’re on the east coast. So people know about them. They’re limited partners. If anywhere, they’re going to have it, it’s going to be in New Jersey. And the reason why I say that is because I read these regulations. And there were two things that stood out. One was the concept called passive investor in New Jersey, are you a passive investor. Another concept was the financial sources agreement. If you have a financial sources agreement, another concept was the management agreement. And then the restrictions and the number game on those. For example, if you are talking about a financial sources agreement, you can have seven, if you’re talking about a management management agreement, you can have five, you’re talking about passive investment, you comprise 5% or less of the ownership in the license holder, and you have no say in the matter.
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How to Win New Jersey Cannabis Licenses with Financial Source Agreements
How to Win New Jersey Cannabis Licenses with Financial Source Agreements
