New Jersey

In an exciting move to boost diverse and minority-owned businesses in the cannabis industry, Benzinga Cannabis, in partnership with Curaleaf’s corporate philanthropy arm Rooted In Good has unveiled the finalists for the 2024 Canna Founders Pitch Competition. This event is a major...

New Jersey’s cannabis industry has seen a remarkable 38% increase in sales, reflecting its rapid growth. The state’s recreational cannabis revenue topped $201 million in early 2024, a substantial rise from the previous year. This boost comes as the number of dispensaries jumped from 24...

New Jersey's cannabis market has grown rapidly, with nearly $1 billion in sales last year. The state has over 130 licensed dispensaries, up from 24 in early 2023. Adults over 21 can purchase up to one ounce of cannabis with a state-issued photo ID. Cannabis prices range from $20 to $70, and the...

New Jersey’s cannabis market has seen remarkable growth and transformation since recreational marijuana was legalized three years ago. With nearly $1 billion in sales last year, the Garden State is becoming a major player in the cannabis industry. Here’s a comprehensive overview of the...

Gov. Phil Murphy (D) paid a surprise visit to a Black-owned New Jersey cannabis cultivator, Prolific Growhouse where he too had a surprise waiting for him. Upon arrival to the facility, Murphy was handed a promotional flier for a new cannabis strain created just for the governor, "Murphy's Sourz,"...

In an effort to address high costs and improve accessibility for medical cannabis patients, New Jersey State Senator Troy Singleton introduced Senate Bill 2921 in March of this year. The bill mandates the Cannabis Regulatory Commission (CRC) to monitor and potentially cap the prices of medical...

New Jersey’s cannabis industry now boasts 126 dispensaries as of May 2024. This rapid expansion follows the legalization of adult-use cannabis sales less than two years ago and highlights the booming cannabis market. Governor Murphy Praises Progress Governor Phil Murphy celebrated this...

The New Jersey Senate Judiciary Committee recently approved a bill that mandates the NJ Cannabis Regulatory Commission (NJCRC) to oversee and regulate intoxicating hemp products, mainly Delta-8 THC. This legislation, labeled S 3235, addresses concerns over the sale and consumption of high-THC hemp...

This week, President Joe Biden announced a landmark decision to reschedule marijuana, signaling a shift in federal drug policy. Biden declared in a video statement that this move is crucial for addressing past injustices and recognizing the medical benefits of marijuana. The administration plans...

The New Jersey cannabis market has experienced remarkable growth, particularly in the pre-roll segment, which saw an 8% increase in sales, reaching $25.5 million in the last quarter of 2023. This growth is part of a broader 23% rise in overall cannabis revenue for the state during the same period....

The Department of Justice took a crucial step in May toward reclassifying marijuana, formalizing a process to move it from a Schedule I to a Schedule III substance. This momentous policy change could have profound implications for the cannabis industry nationwide, including New Jersey, where the...

Solonje Burnett, co-founder and chief culture and community officer of Erven, has been announced as a speaker at the upcoming Benzinga Cannabis Market Spotlight event in New Jersey. Known as the “Weed Auntie,” Burnett is celebrated for her efforts in fostering community connections...

With Benzinga’s Cannabis Market Spotlight in New Jersey just around the corner, Jennifer Cabrera is set to be a standout speaker at the event. As a partner at Vicente, she has been a formidable advocate for cannabis businesses, leveraging her legal expertise and dedication to the local...

Jon Purow, a partner at Greenspoon Marder LLP, has made a name for himself in cannabis law and intellectual property. As the cannabis industry expands, Purow's knowledge provides essential guidance to businesses dealing with this intricate legal environment. His upcoming role as a speaker at the...