The Adult-Use Cannabis Market Is Opening for Business in New Jersey

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Summary

Initially, a handful of sites already operating as medicinal dispensaries will be able to expand into the adult-use market. Now, excitement seems to be building with industry organizations like the New Jersey Cannabis Trade Association (NJCTA). “The New Jersey Cannabis Trade Association would like to express its satisfaction with today’s historic announcement from the NJ Cannabis Regulatory Commission on opening the adult-use market in New Jersey,” the NJCTA said in a statement. “This is a win for so many in our state. Recreational cannabis sales for adults 21 and over have been approved by New Jersey officials. Residents of the Garden State voted to legalize recreational cannabis sales in November of 2020 when they approved New Jersey Public Question 1. So far, the New Jersey Cannabis Regulatory Commission (CRC) has approved 13 dispensaries, known officially as Alternative Treatment Clinics (ATCs), for recreational sales.

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Recreational cannabis sales for adults 21 and over have been approved by New Jersey officials.

Initially, a handful of sites already operating as medicinal dispensaries will be able to expand into the adult-use market. So far, the New Jersey Cannabis Regulatory Commission (CRC) has approved 13 dispensaries, known officially as Alternative Treatment Clinics (ATCs), for recreational sales. The sites are run by seven operators including Acreage Holdings, Ascend...

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