New Jersey’s Cannabis Market Thrives: $1 Billion In Sales, Policy Shifts, Industry Insights At Benzinga Event
The Garden State’s cannabis industry will take center stage at the upcoming Benzinga Cannabis Market Spotlight on March 4, 2025, at the Delta Hotels by Marriott in Somerset. This event aims to delve into New Jersey‘s burgeoning cannabis market, offering insights into retail opportunities, supply chain logistics, and regulatory frameworks.
A Brief History of Cannabis Legalization in New Jersey
New Jersey’s journey with cannabis reform began in 2010 when the state legalized medical marijuana through legislative action. A significant milestone was achieved on Feb. 22, 2021, when Governor Phil Murphy signed the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act into law, legalizing cannabis use and possession for adults aged 21 and over.
This move followed a 2020 ballot referendum where …