New Jersey’s prime hashish regulator stated that licensed hashish dispensaries within the state have offered greater than $2 billion value of mixed medical and adult-use hashish since 2018, Marijuana Moment reviews.
“Since we began this work in 2018, cumulative gross sales of each medicinal hashish and leisure hashish have eclipsed $2 billion,” Jeff Brown, government director of the New Jersey Hashish Regulatory Fee (CRC), instructed the Meeting Oversight, Reform and Federal Relations Committee on Thursday.
Moreover, nearly all of the gross sales have taken place because the state’s adult-use hashish market launched two years in the past, Brown stated.
“I’d love for the CRC to take credit score for this, nevertheless it’s actually the entrepreneurs who’ve been placing their cash, their lives and their desires on the road to make this occur.” — Brown, by way of Marijuana Second
Brown additionally inspired lawmakers to think about permitting registered sufferers to develop their very own hashish crops at dwelling. A medical hashish dwelling develop proposal was individually launched to the state Senate final 12 months however didn’t advance.
There’s a 6.625% excise tax on adult-use hashish merchandise in New Jersey — all taxes on medical hashish merchandise, in the meantime, had been absolutely repealed by lawmakers as of July 1, 2022.
Earlier this 12 months, New Jersey regulators authorised guidelines to control on-site hashish consumption at correctly licensed dispensaries.
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