New Jersey OKs vape cartridges, boosting medical cannabis market potentials

New Jersey’s once heavily restricted medical marijuana market continues to open up: MMJ businesses will now be able to sell vape cartridges filled with concentrates, a move that could boost dispensary sales and open new opportunities for makers of vaporizers and concentrates.

The move comes after the state Department of Health waived the previous ban, according to NJ.com.

Curaleaf New Jersey in Bellmawr already has received permission to start selling the cannabis vaporizers, and Breakwater Treatment and Wellness in Cranbury requested approval.

Jeff Brown, assistant health commissioner, told NJ.com that relaxing MMJ product restrictions is a department priority.

But that’s just one business-friendly move that has occurred since Gov. Phil Murphy, a Democrat, assumed office in January. Here are other developments:

The liberalization already has had an effect: New Jersey’s MMJ program now serves 30,000 patients, nearly double from year-end 2017, according to the state Department of Health.

Marijuana Business Factbook 2018 projects New Jersey MMJ sales this year will reach $30 million-$35 million, up from $20 million-$25 million in 2017.

Leave a Reply

Your email address will not be published. Required fields are marked *