Matt Trapani

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Sep 15, 2025, 5:19 PM

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Updated

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The New Jersey Economic Development Authority has just approved a new $15 million pilot program to support the state’s cannabis supply chain.

The program is said to bridge capital across gaps for recreational cannabis growers, manufacturers and testing laboratories.

The New Jersey Lending for Equality, Access and Financing (NJ LEAF) program will provide up to $1.5 million to eligible cannabis companies.

Businesses must be based in New Jersey, employ fewer than 250 full-time employees and have been in operation for one calendar year to qualify. They must also have an annual gross income of $5 million or less.