More than 12,000 customers spent nearly $1.9 million on recreational cannabis last Thursday, the first day of legal sales to any adult in New Jersey, the state’s Cannabis Regulatory Commission said Wednesday.
“We expected sales to be substantial and the data shows that the market is effectively serving bothThe total works out to an average of about $150 per shopper, which is higher than one industry leader was hoping for.CEO Joe Bayern, who spent part of opening day last Thursday at the company’s store in Bellmawr, said then that average sales of $100 per customer would have been great.
The cannabis commission did not say how many ounces of marijuana recreational consumers purchased. The agency did not find “substantiated reports of supply problems for medicinal cannabis patients” who apparently stocked up the day before recreational sales started. Last Wednesday, the day before recreational sales started, medical cannabis consumers purchased 5,400 ounces of cannabis products , compared to 7,500 ounces in the five days after adult-use sales started.only 12 of the state’s 23 medical marijuana dispensaries were open for recreational sales. More are expected to follow.
The path to Thursday’s opening day started 17 months ago, when New Jersey voters opted to make recreational weed legal. Then, in February 2021, the state passed laws calling for the expungement of cannabis convictions and establishing a legal cannabis market. Some hoped that New Jersey would become a model for bringing people into the industry who wereIt remains to be seen whether that will happen.
Later this year, it is possible that a new group of stores licensed specifically to sell recreational cannabis will open.
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