Cannabis Regulatory Commission

2023 by the Numbers

Posted on - 12/14/2023
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2023 by the Numbers

The New Jersey cannabis industry in 2023 has been transformed by regulatory changes that have paved the way for growth and expansion. The reduction of registration and renewal fees for medicinal cannabis patients and caregivers, the removal of restrictions on vertical integration, the expansion of edible cannabis products, and the elimination of the mandatory waiting period for new ATCs to enter the recreational market have all played crucial roles in shaping the growing industry.

In December the NJ-CRC began accepting applications for wholesale, distribution, and delivery services licenses -- with the first wholesale and distribution licenses being awarded to social equity applicants during the December 7th public meeting.  Now that all license classes are open in New Jersey, there are numerous opportunities for aspiring cannabis business entrepreneurs.

Below are some other highlights from 2023 at the NJ-CRC.

Year in review numbers

In 2024, we anticipate significant developments in medicinal and adult cannabis spaces. The completion of clinical registrant regulations is expected to advance cannabis research for medicinal purposes -- a meaningful step forward for all cannabis consumers. We will also see the complete elimination of fees for medicinal cannabis patients with the introduction of digital ID cards. The waivers granted to manufacturers to expand edibles products will become permanent regulation during the year.

Rules for consumption areas in the adult-use, recreational cannabis space will be adopted in 2024. These consumption areas will be connected to dispensaries and will offer social gathering opportunities for cannabis smokers. The consumption areas offer a vital solution for individuals needing a suitable place to consume outside their homes. These venues are designed to provide a safe and controlled environment for responsible use of cannabis. Read more about consumption areas here.

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