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NJ — NEW JERSEY ● Tracking

The Supply-Constrained Premium

New Jersey has the highest flower median of any major recreational market in our dataset. Sandwiched between New York and Pennsylvania, with 9.3 million people and only 183 dispensaries, NJ is a supply-constrained market charging premium prices — and the clock is ticking on how long that holds.

$82K
Median trade area income
183
Dispensaries
$14.29/g
Median flower price
$8.09/g
Transaction avg (CRC)
Data Coverage
What we track in New Jersey
Menu coverage across New Jersey’s licensed dispensary network, validated against Cannabis Regulatory Commission (CRC) data. NJ’s limited license structure means fewer dispensaries per capita than nearly any other legal state — making full coverage achievable and each data point more significant.
Dispensary Menu Data
183 dispensaries · 82 cities · 69K+ items
Live menu pricing, product categories, strain types, THC percentages, and brand distribution across New Jersey’s dispensary network. Updated continuously.
Government Regulatory Data
CRC · Cannabis Regulatory Commission
License counts, operator details, and regulatory actions from the Cannabis Regulatory Commission. New Jersey’s limited-license framework creates artificial supply constraints that directly impact pricing.
Cross-Border Intelligence
NY · PA border dynamics
New Jersey sits between two massive population centers. Lower-priced New York threatens NJ’s premium from the north. Pennsylvania’s eventual rec launch would compress from the south.
AVAILABLE
Demographic Intelligence
Census-tract level · New Jersey dispensary trade areas
Median household income, education levels, age distribution, and competitor density for every dispensary location in New Jersey. Available in Radius Briefs and Quarterly Reports.
The New Jersey Story
9.3 million people, 183 dispensaries, and the highest prices in legal cannabis. Something has to give.
New Jersey voters approved recreational cannabis in November 2020 with 67% support. Sales launched April 2022 through existing medical dispensaries. Three years later, the market remains supply-constrained with limited licenses keeping competition low and prices high.
NOV 2020
Public Question 1 passes with 67% support
New Jersey voters approve recreational cannabis by a wide margin, joining the wave of East Coast legalization alongside New York and Connecticut.
FEB 2021
Cannabis Regulatory Commission (CRC) established
The five-member CRC is created to oversee licensing, regulation, and social equity programs. The commission structure signals a controlled rollout rather than open-market competition.
APR 2022
Recreational sales begin through existing medical operators
New Jersey launches adult-use sales via Alternative Treatment Centers (ATCs) — the existing medical dispensaries. First-mover advantage goes to incumbents, locking in premium pricing from day one.
2023–2024
Slow license expansion creates supply bottleneck
New conditional licenses trickle out, but conversion to operational dispensaries moves slowly. The gap between demand and supply keeps NJ prices elevated far above neighboring states.
2025
NY market accelerates — NJ’s premium under pressure
New York’s dispensary count surges past 600, with flower at $12.57/g. For the first time, NJ consumers have a viable legal alternative just across the Hudson. NJ flower sits $1.83/g higher than NY.
2026
Compression window opens
With 183 dispensaries serving 9.3M people, NJ has roughly 1 dispensary per 50,000 residents. Compare that to Colorado’s 1 per 13,000 or Michigan’s 1 per 21,000. As licenses expand, the $14.24/g median has only one direction to go.
Government Data
Cannabis Regulatory Commission (CRC)
New Jersey’s CRC oversees licensing, enforcement, and social equity programs. The commission’s controlled approach to licensing has been the single biggest factor in maintaining NJ’s price premium — fewer licenses means less competition and higher margins for incumbents.
Tax Structure
6.625% sales tax
Plus local tax up to 2%. No special cannabis excise tax — one of the lowest effective tax rates in legal cannabis.
License Model
Limited licenses
Conditional → annual license pipeline. Slow conversion rates keep operational dispensary count artificially low.
Social Equity
Priority licensing
Impact Zone and diversely owned business priority. Social equity applicants receive expedited review.
Market Size
$1.8B+ annual
Estimated total market size. 9.3M population with strong consumer demand and limited legal supply.
Per-Capita Access
1 : 50,000
Roughly 1 dispensary per 50,000 residents. Compare: CO 1:13K, MI 1:21K, MA 1:14K.
Data Source
CRC reports
License lists, enforcement actions, and market reports published by the Cannabis Regulatory Commission.
Intelligence Products
New Jersey market intelligence, built for your segment
Every product includes NJ’s full pricing data plus cross-state context. As the highest-priced major recreational market in America, New Jersey’s supply constraints and 9.3M population create a pricing premium that won’t last forever — the question is how fast it falls.

Dispensary Operator Stack

For NJ dispensary operators
  • Competitive pricing across all NJ cities
  • North Jersey metro deep-dive (NYC adjacency)
  • Category-level margins vs. state medians
  • Supply constraint impact on pricing

Brand & Cultivator Stack

For brands selling into NJ
  • Shelf presence by brand across NJ dispensaries
  • Category pricing vs. East Coast benchmarks
  • Distribution gap analysis by region
  • Premium pricing sustainability analysis

Investor & Analyst Stack

For investors evaluating NJ
  • Highest-priced major market analysis
  • CRC licensing pipeline & expansion impact
  • Revenue-per-store trend analysis (9.3M pop)
  • Cross-border dynamics (NY/PA compression threat)

Intelligence for Garden State Operators

Hyperlocal competitive intelligence for New Jersey operators in one of America’s newest, most expensive cannabis markets. As supply constraints ease and neighboring markets mature, the operators with data will lead the compression transition.

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6.0M+ menu items • 8,374+ dispensaries • 19 markets

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