New Jersey Cannabis: Almost $80 Million Sold in First 10 Weeks

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Summary

New Jersey’s recently launched legal cannabis market has racked up nearly $80 million worth of sales in the first ten weeks following its launch in late April. The state’s Cannabis Regulatory Commission released the sales figures in a report last week. Jeff Brown, the executive director of the New Jersey Cannabis Regulatory Commission, said that the numbers indicate a healthy market with room for growth. “The market is improving. There was $79,698,831 in total sales on recreational cannabis during that same time frame. Although recreational pot sales have been strong in New Jersey, the road to launch was anything but smooth.

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New Jersey’s recently launched legal cannabis market has racked up nearly $80 million worth of sales in the first ten weeks following its launch in late April.

The state’s Cannabis Regulatory Commission released the sales figures in a report last week. Between April 21, when sales launched in the Garden State, and the end of June, tax revenue from recreational pot totaled $4,649,202. There was $79,698,831 in total sales on recreational cannabis during that same time frame.

Jeff Brown, the executive director of the New Jersey Cannabis Regulatory Commission,...

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