New Jersey’s cannabis market surpassed $1 billion in combined medicinal and recreational cannabis sales in 2024, marking a nearly 25% increase from the previous year’s total of $800,279,300 and underscoring the robust growth of the Garden State’s regulated cannabis industry.
On Saturday, December 21, sales hit the billion-dollar mark, ending the day at $1,004,826,946. Since the start of adult-use cannabis sales in April 2022, New Jersey’s cannabis market has generated more than $2 billion in total revenue. Sales have been bolstered by an expanding number of licensed dispensaries—now totaling more than 190 locations across the state—and a steadily increasing demand for safe, regulated cannabis products.
“We are proud of the remarkable growth achieved in 2024, which highlights the growing trust consumers have in New Jersey’s regulated cannabis market and the economic opportunities it provides for businesses of all sizes and classes,” said NJ-CRC Acting Executive Director Christopher Riggs. “This momentum sets a solid foundation for continued success in the years ahead.”
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