New Jersey voters on Tuesday legalized an adult-use marijuana market that is expected to generate annual sales of nearly a billion dollars by 2024, according to The Washington Post and marijuana advocacy groups. Moreover, the victory might well spur other states in the Northeast to adopt their own recreational cannabis programs, creating huge business opportunities along the East Coast. New Jersey adult-use legalization is expected to create a ripple effect in the Northeast region and perhaps down the coast to Maryland and Virginia. While existing medical marijuana operators likely will get priority status, Rudder predicted that a recreational marijuana market also will create “phenomenal” business opportunities for New Jersey residents, such as for craft producers.
Marijuana Business Daily, 11/03/2020 21:46:14