Matt Trapani

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Dec 23, 2024, 5:55 PM

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Updated

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The adult-use recreational marijuana business is booming in New Jersey.

The industry set a record in 2024 with over $1 billion in sales – up 25% from last year, according to the New Jersey Cannabis Regulatory Commission.

“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,” NJ-CRC Acting Executive Director Christopher Riggs wrote in a statement.

The cannabis commission credits an expanding number of licensed dispensaries for the record. There are now more than 190 locations across the state and a steadily increasing demand.