Cannabis Business Development (CBD) Grant
The Cannabis Business Development (CBD) Grant from the New Jersey Economic Development Authority funds early-stage cannabis companies' compliance and operational expenses to foster a resilient, equitable industry.
Funder: New Jersey Economic Development Authority
Due Dates: November 13, 2028 (rolling basis until funds are exhausted or 3 years from opening date)
Funding Amounts: One-time reimbursement of $75,000 per business/location; total program pool $4.75 million.
Summary: Supports early-stage New Jersey cannabis businesses with reimbursement funding for compliance and operational costs.
Key Information: Applications are reviewed first-come, first-served; complete, well-documented applications are prioritized.
Description
The Cannabis Business Development (CBD) Grant is a pilot equity initiative from the New Jersey Economic Development Authority (NJEDA) designed to help early-stage cannabis businesses in New Jersey manage compliance and working capital expenses. The program provides a one-time $75,000 reimbursement grant to eligible manufacturers, cultivators, retailers, and testing laboratories, aiming to foster a more equitable and resilient cannabis industry by lowering initial financial barriers for new businesses.
