According to Headset, the Seattle-based marijuana analytics firm whose latest forecast said cannabis sales in general could surpass $30 billion by the end of 2022, edibles account for about 10 percent of the legal retail market.
Gen Z and Millennials are now the largest consumers of weed and cannabis products, along with women, and even if flower and concentrates are most popular among these demographics, there’s still a big market for edibles.
As in other states, it comes down to childproofing the product, especially how safely things like cookies and candies can be packaged. But most states have figured it out, with edibles sold in increasingly difficult to open packaging emblazoned with THC potency.
The CRC didn’t feel it had enough time to regulate edibles like baked goods before its Aug. 22 deadline to adopt its initial set of rules.
"That's not to say we won't in the future but, as of right now, we're starting out with just the addition of some things like concentrates," CRC executive director Jeff Brown told the Asbury Park Press. "This is just the first cut."