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CRC says New Jersey cannabis market topped $1 billion in 2024; agency highlights equity gains and staffing needs
Summary
The Cannabis Regulatory Commission told the Assembly Budget Committee it has rapidly expanded licensing and oversight since 2021, reporting more than $1 billion in 2024 sales and progress on social-equity goals while seeking staffing and resource increases to police a growing market.
The Cannabis Regulatory Commission told the Assembly Budget Committee it has overseen rapid market growth and taken steps to prioritize equity and patient access while warning the agency needs more staff to sustain oversight.
In opening remarks, CRC officials said the state’s legal cannabis market surpassed $1,000,000,000 in sales in 2024, a roughly 25% increase from 2023, and reported the state collected more than $43,000,000 in tax revenue plus more than $2,000,000 through the social-equity excise fee. Executive staff said the agency processed about 200 new applications last year and has handled almost 3,000 applications since the CRC’s creation.
“Access to medical cannabis in New…
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