New Jerseyans made the most of legal cannabis in the market’s first month, racking up $24.2 million in sales, according to the Cannabis Regulatory Commission.
The sales came through 212,433 transactions across the dozen retailers allowed to sell cannabis to adults 21 and over in the state.
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At the CRC ‘s May 24 meeting, five new retail locations were approved to sell cannabis for adult use, including Garden State Dispensary locations in Woodbridge, Union and Eatontown; Ascend in Montclair; and The Apothecarium in Lodi.
“We are thrilled to be approved for adult-use sales in New Jersey and to have all three dispensaries cleared simultaneously to open for adult-use,” said Jonathan Sandelman, chairman and CEO of Ayr Wellness, which acquired Garden State Dispensary last year. “To date, Central Jersey has the lowest number of dispensaries per capita, leaving its population under-served compared with the rest of the state. New Jersey is expected to become a highly influential state for the U.S. cannabis industry, and we are honored to help shape the market landscape from its early stages.”
During the meeting, the CRC also announced that it would remove the limitation on 2019 license awardees that prohibits them from entering the adult-use market during their first year of operations. Instead, awardees — including 30 dispensaries, 10 cultivators and four vertically integrated operations — must simply prove they’re meeting patient needs to then be approved for adult use sales.