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Benzinga
Benzinga
Business
Jelena Martinovic

Analyst Says New Jersey Rec Marijuana Market Holds High Potential Despite Slow Start, Here's Why

New Jerseyans spent $24 million on weed during the first month of recreational sales, roughly $5 million a week after a record-breaking first day when $2 million worth of cannabis was purchased.

Cantor Fitzgerald’s analyst Pablo Zuanic said in his recent note that New Jersey saw a “slow rec start” as its first month of sales equaled $31 per capita spent, compared to $126 in New Mexico.

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