New Jersey's cannabis industry is poised to explode in the coming years. On Dec. 15, 2021, the Cannabis Regulatory Commission (CRC) began accepting applications for adult-use Class 1 (cultivation) and Class 2 (processing) licenses. Those licenses are available to both large operators with canopy sizes up to 150,000 square feet, and small operators with canopy sizes limited to 2,500 square feet (known as microbusinesses under the CRC regulations). Processing licenses are uncapped. Cultivation licenses are capped at 37, but only through February 2023, when they too become uncapped. On March 15, 2022, the CRC began accepting applications for adult-use Class 5 (retail) licenses. Those are likewise uncapped.