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 designated spaces where customers can legally use cannabis products.
This move comes as New Jersey's legal cannabis market surpasses $1 billion in sales, according to the CRC's latest market report. The timing of this regulatory shift aligns with the upcoming Benzinga Cannabis Market Spotlight: New Jersey event on March 4, 2025, in Somerset. At this event, industry leaders, regulators, and investors will discuss the future of New Jersey's cannabis economy, including the role of consumption lounges.
