From July 2022 through June 2023, New Jersey dispensaries sold more than $734 million in cannabis products, according to statistics from the New Jersey Cannabis Regulatory Commission. The vast majority of sales came from recreational marijuana customers, who spent over $555 million.
The sales growth comes as the number of dispensaries in New Jersey has continued to grow exponentially. Twelve dispensaries opened for recreational sales during the first and second quarters of 2023, during which sales grew about 10% per quarter.
When Gov. Phil Murphy signed a bill legalizing the recreational use of cannabis in early 2021, it opened the door to a whole new industry that has taken New Jersey by storm. As of mid-September, there were 54 dispensaries for recreational cannabis – compared to less than 20 a year ago. These businesses are spread across 17 of the state’s 21 counties, with about two-thirds selling both medical and recreational products and 13 for medical use only.
New Jersey is on the verge of allowing cannabis-infused baked goods and beverages to be sold at recreational dispensaries for the first time since recreational sales began in the state. Supporters of the move say the relaxing of rules will bring more options to consumers and potentially grow the market. State regulators and poison control experts are warning that such products must be handled with care, especially to keep them out of the hands of small children.
The Flemington Borough Council voted to approve a new cannabis license for Aunt Mary’s Cannabis Dispensary at the Sept. 26 meeting, which will allow the Flemington business to include recreational cannabis sales at its location.
The dispensary was previously only licensed for medicinal cannabis sales.
The license is the third cannabis license to be issued by the borough and the second recreational license.
The wheels are moving on getting marijuana shipped right to your door in New Jersey.
On Wednesday, the New Jersey Cannabis Regulatory Commission opened the application window for operations interested in transporting cannabis from dispensaries to your home.
What's unknown right now is when delivery will actually be up and running in the Garden State. The application process will last several months.
Members of a historic church in the city’s Chelsea neighborhood do not want a cannabis dispensary nearby, but one may be on the way just the same.
“They don’t want them anywhere near the casinos, but they don’t care where else they go,” said Tom Weer, pastor of Chelsea Baptist Church on Atlantic Avenue.
At its Sept. 8 meeting, the Cannabis Regulatory Commission proposed new rules that would allow for an expanded group of ingestible cannabis products – including baked goods, chocolates, butters, jams and drinks – to be sold in the medicinal and recreational markets.
Two of New Jersey’s biggest and most established cannabis operators are facing fines of $100,000 and $50,000 after the state’s Cannabis Regulatory Commission (CRC) board members voted to issue steeper than recommended penalties for their violations.
New Jersey legalized adult-use cannabis in November 2020, but the state is an outlier among legal markets in limiting edibles products to “syrups, pills, tablets, capsules and chewables,” according to the newspaper.
But under the regulators’ proposal, marijuana operators in the state would be allowed to produce baked goods, butters, drinks and other infused products.
The proposal can’t be approved until December.
Applications to get into the promising new industry have been piling up since the state legalized marijuana for adults in 2021 and started taking applications later that year. Stores for recreational use have been slow to open, and the number of cannabis sellers in this region can be counted on two hands. Statewide, only 37 recreational cannabis dispensaries are operating, with another 13 selling medical marijuana only.