New Jersey’s medical marijuana market will need at least 15 additional cannabis cultivators in the next three years – even under a conservative growth scenario, according to information provided by the state’s MMJ regulatory agency.
The New Jersey Department of Health’s Division of Medicinal Marijuana (DMM) submitted its biennial report to the state Legislature in early April, assessing supply and demand for medical marijuana. In addition to the need for additional growers, DMM found average retail prices to be prohibitive to patients whose treatment plan requires greater volumes of marijuana.
For example, a patient purchasing one ounce per month -- half the maximum allowed -- would pay nearly $6,000 out of pocket over the course of a year. By comparison, based on recent prices, one ounce per month would cost an Oregon patient $2,820 and an Illinois patient $4,500.