Statement from the New Jersey Cannabis Trade Association on today’s historic event — the opening of the adult-use cannabis market

Trenton, N.J. (April 21, 2022) – The New Jersey Cannabis Trade Association (NJCTA) enthusiastically expresses its appreciation to Governor Phil Murphy and the New Jersey Cannabis Regulatory Commission (CRC) for officially opening the recreational cannabis market in New Jersey today.

This historic day was a long time coming. Decriminalizing and legalizing cannabis, while also working to establish the foundation of an adult-use recreational market, is a very complex process, and the NJCTA applauds those who were instrumental in ultimately making today happen.

New Jersey voters, who overwhelmingly expressed their support to purchase legal cannabis in the state, now have the ability to purchase safe and regulated adult-use cannabis in a secure and reliable forum. Furthermore, communities who were adversely affected by the War on Drugs will finally realize the monetary benefits the adult-use market will generate, as taxes from legal cannabis sales will be devoted to supporting social equity goals throughout the state.

In due time, all New Jerseyans will realize the tax benefits of this budding industry. Predicted to become one of the East Coast’s largest cash crops, the adult-use market will boost our economy with sales slated to surpass $2 billion in just a few years.

The NJCTA plans to continue working with Governor Murphy and the CRC to ensure New Jersey’s adult-use market reaches its full potential, and stays true to its original mission of continuing to serve the medicinal marijuana-program patients of New Jersey.

For more information on NJCTA, go to NJCannabisTrade.org.

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About New Jersey Cannabis Trade Association

New Jersey Cannabis Trade Association (NJCTA) is the only association comprised entirely of licensed cannabis operators, representing 11 of the Alternative Treatment Centers (ATCs) in New Jersey’s Medicinal Marijuana Program, with six of our members among those that opened New Jersey’s recreational cannabis market on Day One, 2022. Our mission is to create a legal cannabis marketplace that works for everyone by fostering an industry that is not only safe, accessible, and affordable, but also equitable and just. Formed amidst the COVID-19 pandemic and, given the gravity of the situation facing New Jersey’s growing medical marijuana patient population, NJCTA was created to provide a unified and streamlined voice for licensed cannabis operators in the State of New Jersey in interactions with the New Jersey Department of Health (DOH).