Cannabis Market Spotlight: New Jersey

Gov. Phil Murphy's proposal to raise New Jersey's cannabis excise tax from $2.50 to $15 per ounce has ignited a fierce debate among lawmakers and industry leaders. Billed as a strategy to fund social programs, the sixfold increase has raised concerns about its potential impact on the state's legal...

New Jersey is taking a major step forward in its cannabis industry with the official launch of its consumption lounge licensing process. The state's Cannabis Regulatory Commission (CRC) began accepting applications for on-site consumption areas on January 2, 2025, allowing businesses to create...

The cannabis scene in New Jersey is heating up, and Benzinga is right at the center of the action. On March 4, 2025, the Cannabis Market Spotlight: New Jersey lands at Delta Hotels by Marriott in Somerset, NJ, gathering a powerhouse lineup of investors, regulators and entrepreneurs ready to dissect...