N.J. Admin. Code § 17:30-6.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 17:30-6.4 - Diversely owned businesses

(a) Until such time that the Commission determines that it will develop its own certification process, a "diversely owned business" means a license applicant or a license holder that has been certified as a minority-owned business, as a woman-owned business, as a disabled-veteran-owned business, or as any combination thereof, by the Division of Revenue and Enterprise Services in the Department of the Treasury.

1. A minority-owned business or minority-owned business enterprise is a business that meets the requirements at N.J.S.A. 52:27H-21.18 et seq., including, but not limited to, that:

i. At least 51 percent of the ownership interest is held by persons who are minorities; and

ii. The management and daily business operations are controlled by one or more of the minorities who own it.

2. A woman-owned business or women-owned business enterprise is a business that meets the requirements at N.J.S.A. 52:27H-21.18 et seq., including, but not limited to, that:

i. At least 51 percent of the ownership interest is held by persons who are women; and

ii. The management and daily business operations are controlled by one or more of the women who own it.

3. A disabled-veterans-owned business or disabled veteran-owned business enterprise is a business that meets the requirements at N.J.S.A. 52:32-31.2, including, but not limited to, that:

i. At least 51 percent of the ownership interest and control is held by persons who are disabled veterans; or

ii. The business has been officially verified by the U.S. Department of Veterans Affairs as a service-disabled veteran-owned small business.

(b) A diversely owned business shall submit, in its cannabis business license application, the certification from the Division of Revenue and Enterprise Services, Department of Treasury, pursuant to N.J.S.A. 52:27H-21.20 and 52:32-31.8.

(c) The decision of the Division of Revenue and Enterprise Services to issue a certification in accordance with the rules of the New Jersey Department of the Treasury shall not be substituted by the Commission.

N.J. Admin. Code § 17:30-6.4

Adopted by 53 N.J.R. 1583(a), effective 8/19/2021

Amended by 55 N.J.R. 402(a), effective 3/6/2023