New Jersey legalized both medical and recreational sales during the 2020 election. As of right now, up to 70% of towns have banned cannabis operations. The remaining 30% will be highly competitive for cannabis sales.
Medical Use: Yes
Adult Use: Yes
Market Potential
A
There is great market potential in New Jersey as the market is brand new and population, density and tourism numbers are high.
Licensing
B
Licensing is expensive. It’s not too limited at the moment.
Competition
C+
Competition is high for New Jersey. Once businesses get approval, we will see how competitive this market becomes.