NJ Spotlight News
About $180M in cannabis sales so far in 2023
Clip: 6/22/2023 | 1m 16sVideo has Closed Captions
Regulators have received 2,000-plus applications to operate stores
Sales from New Jersey’s legal cannabis industry, both recreational and medicinal, brought in roughly $180 million this year so far. The update from the state’s Cannabis Regulatory Commission comes ahead of a legislative hearing on Friday on the status of the 18-month-old market.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
About $180M in cannabis sales so far in 2023
Clip: 6/22/2023 | 1m 16sVideo has Closed Captions
Sales from New Jersey’s legal cannabis industry, both recreational and medicinal, brought in roughly $180 million this year so far. The update from the state’s Cannabis Regulatory Commission comes ahead of a legislative hearing on Friday on the status of the 18-month-old market.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorshipwell New Jersey's legal weed industry is getting a checkup this week and so far it's got a clean bill of health sales from both medicinal and recreational Cannabis brought in roughly 180 million dollars the update from the state's cannabis Regulatory Commission comes ahead of a legislative hearing tomorrow looking at the status of the 18 month old Market the commission says the state also has collected about nine and a half million dollars in sales tax for the first quarter and received more than 2 000 applications to operate legal weed stores they've approved roughly 1300 though most of those are conditional meaning applicants still have to get a municipality to support their operation despite the strong sales numbers though cannabis applicants continue reporting trouble with predatory lenders and accessing capital support for the business report provided by Newark Alliance presenting the brown Mill anniversary block party and Halsey Fest an outdoor Festival on June 24th in downtown Newark online at halseyfest.com [Music]
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS