Dispensaries selling cannabis at $450 per ounce; CRC hopes costs drop
With cannabis selling at $450 per ounce at dispensaries, the state Cannabis Regulatory Commission (CRC) is hopeful the price will drop as more facilities open in New Jersey.
During a CRC meeting Oct. 27, Executive Director Jeff Brown said medical cannabis enrollment plateaued in May and June with lower numbers following recreational adult use sales beginning in April. He said a tremendous number of patients continue to be enrolled month over month.
“Looking at the average new patients enrolled per month in 2018 was 2,280; this year we’re still averaging 4,634 new patients enrolling in the medicinal cannabis program every month,” Brown said.
In January, the medicinal cannabis program had 121,592 active patients, which dropped to 118,474 in October. In August, almost 5,000 new patients enrolled, according to Brown.
In January, 56,542 ounces of medical cannabis were dispensed, dropping to 47,323 in September, he said.
Brown said the CRC received complaints from consumers in adult use sales about the price of cannabis. Medicinal cannabis (flower) per ounce increased from $398 in January to $414 in August.