New Jersey

Starting July 1, purchases of cannabis via New Jersey's Medicinal Cannabis Program are tax-free, as a result of a three-phase process enacted in 2019 when provisions to eliminate the tax were signed by Gov. Phil Murphy. Now after years of paying higher than average prices for medical...

This article was originally published on Weedmaps and appears here with permission. At long last, adult-use sales have finally started in the state of New Jersey. Two years after citizens of the Garden State took to the polls and called for cannabis legalization, the first adult-use cannabis...

New Jerseyans spent $24 million on weed during the first month of recreational sales, roughly $5 million a week after a record-breaking first day when $2 million worth of cannabis was purchased. Cantor Fitzgerald’s analyst Pablo Zuanic said in his recent note that New Jersey saw a...

TerrAscend Corp. (CSE:TER) (OTCQX: TRSSF) says it has launched the first-ever cannabis concentrates in the state of New Jersey. Kind Tree Liquid Live Resin Vape Cartridges and Kind Tree Live Resin Crumble are available exclusively at The Apothecarium Maplewood and Phillipsburg locations....

TerrAscend Corp. (CSE: TER)(OTCQX: TRSSF) reported its first-quarter financial results late Thursday, reporting net sales of $49.7 million, up 1% sequentially. The gross profit margin was 30.5% for the period compared to 42.3% in the prior quarter. The adjusted gross profit margin was 38.4% versus...

Vertically integrated cannabis company Acreage Holdings, Inc. (OTCQX: ACRDF) reported its financial results for the first quarter ended March 31, 2022. “We achieved our fifth consecutive quarter of positive Adjusted EBITDA and sequentially improved our gross margin, while continuing to grow...

New Jersey Lawmakers Eager To Restrict Marijuana Use By Police & Other Workers, Three New Bills In Making Lawmakers introduced a series of bills that would encourage employers to punish workers who use cannabis while off duty. The three new measures seek to set up restrictions on...

Green Thumb Industries (CSE: GTII) (OTC: GTBIF) is scheduled to report its first-quarter earnings report on Wednesday. Cantor Fitzgerald’s analyst Pablo Zuanic shared some insights on what to expect from the report. He anticipates the focus will be on the launch of recreational...

Last week New Jersey kicked off long-awaited recreational cannabis sales. On the first day of sales, April 21, over 12,000 customers spent nearly $2 million for cannabis, according to NJ's Cannabis Regulatory Commission (CRC). Some worried about the availability of cannabis...

Adult-use cannabis sales went into effect in New Jersey last Thursday, 17 months, riddled with a series of setbacks, after New Jerseyans voted to legalize it. Like other weed enthusiasts, police officers are also welcome to buy and consume recreational marijuana in one of...

New Jersey weed enthusiasts started lining up before dawn at dispensaries Thursday across the Garden State as adult-use cannabis sales went into effect. After the long wait on a bumpy road to marijuana legalization, enthusiasm is running high. “With soul music blaring, free...

New Jersey legal recreational cannabis sales will launch on April 21, state officials announced Friday. Following a series of setbacks and 17 months after New Jerseyans chose to legalize the use of recreational cannabis in a ballot measure, the Cannabis Regulatory Commission recently approved...

Verano Holdings Corp. (OTC: VRNOF) is celebrating the New Jersey Cannabis Regulatory Commission's announcement that personal use cannabis sales will begin on April 21, 2022. Reason To Celebrate Verano is the only cannabis company currently permitted to begin personal adult-use cannabis sales in...

Cultivated Output to Support New York and New Jersey Adult Use Programs  As New Jersey and New York begin deploying adult-use cannabis programs, many people are talking about the  number of licenses and the amount of taxes that will be gleaned from legal cannabis sales. One approach that...

On Monday, New Jersey's regulators green-lighted the launch of the state's recreational cannabis market. The Cannabis Regulatory Commission (CRC) approved 34 conditional licenses and agreed that seven of the state's ten medical cannabis companies begin sales, possibly within weeks,...