Lack of Education
Creating an internationally recognized and respected brand and product line on the market, while simultaneously educating customers, combating opioid addiction, and the death crisis.
The Library of New Jersey also known as the “Starbucks” of cannabis, is pursuing entry into the New Jersey Cannabis Industry as social equity applicants. Developing New Jersey’s 1st Black-owned recreational cannabis retail shop in West Orange.
Retail Storefront - Pursuing a retail marijuana dispensary license or micro-license. The Library of New Jersey will dispense cannabis and related products to qualified recreational consumers in Central and Northern New Jersey.
Merchandise - The Library Brand (merchandise, clothing, etc.)
Custom Products - Produce The Library of New Jersey brand and strain called, “Bookworm” (i.e., Bookworm OG, Bookworm Cake, Bookworm Cookies, etc.)
NEW JERSEY LICENSING
The Cannabis Regulatory Commission will begin accepting the following applications for personal use (recreational) cannabis on Wednesday, December 15, 2021:
Class 1 Cultivator Licenses
Class 2 Manufacturer Licenses
License applications will be accepted on a rolling basis until indicated otherwise. Social Equity Businesses, Diversely Owned Businesses, Impact Zone Businesses, and applications that receive bonus points will be afforded priority review, scoring, and approval.
There is no established limit on the number of cannabis business licenses available statewide. However, by statute the number of Class 1 Cultivators is to be held to 37 licenses until February 22, 2023.
The Library of New Jersey will apply for the following license(s)
Class 5 Cannabis Retailer – Purchase recreational use cannabis from licensed cultivators, manufacturers, or wholesalers and sell those items to consumers in a retail store
NEW JERSEY RECREATIONAL RETAIL MARKET
As of December 2021, there are no retail recreational dispensaries open in New Jersey. Application acceptance for Class 5 Retailers begins on March 15, 2022.
President & Chief Operating Officer
Chief Executive Officer
Chief Financial Officer
Strategic Advisor / Marketing
Strategic Advisor / Public Relations
PROJECTIONS INTO THE FUTURE
When The Library of New Jersey captures at least half the available market of consumers, each customer need only spend $135 in a year for us to reach Year 1 revenue projections. We anticipate…
- The United States will legalize cannabis federally within the next 4 to 5 years
- More selling channels will open up
- Education on health and cannabis consumption will continue to grow