Recommended content

New Jersey surpasses 100 marijuana stores, projects $1 billion in sales

The New Jersey governor’s office is celebrating the opening of more than 100 marijuana stores in the state.

The New Jersey Cannabis Regulatory Commission’s website lists 102 medical cannabis dispensaries and adult-use stores, according to a news release.

ADVERTISEMENT

The commission’s executive director, Jeff Brown, said he expects regulated cannabis sales to exceed $1 billion in 2024, according to Iselin-based news outlet NJ.com.

In 2023, adult-use sales in New Jersey totaled more than $673 million and MMJ transactions were more than $99 million.

When adult-use sales launched in 2022, the total New Jersey market was projected to be worth $2 billion.

Multistate operators who were already operating in the medical market were the first to receive adult-use licenses.

More recently, critics have alleged

Read full article on Marijuana Business Daily

Follow us on Instagram or join us on facebook page

Be first to rate

Marijuana Business Daily
Source

More news