New Jersey: 24 dispensary licenses face legal challenges.
- 2019 dispensary sales: $95 million-$120 million (MJBizDaily estimate).
- State of the market: New Jersey has only seven dispensaries serving 60,000 patients.
- What’s happening: Expanding the state’s medical marijuana market was Plan B after an effort to legalize adult-use cannabis stalled last year. But 24 additional dispensary licenses are being held up because of court challenges.
- Potential business impact: Market growth will be constrained until new dispensaries come online.