New Jersey health-related marijuana sufferers to triple by 2022, requiring extra cultivators

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New Jersey’s health-related marijuana market place will have to have at least 15 extra cannabis cultivators in the subsequent 3 years – even below a conservative development situation, according to data offered by the state’s MMJ regulatory agency.

The New Jersey Division of Health’s Division of Medicinal Marijuana (DMM) submitted its biennial report to the state Legislature in early April, assessing provide and demand for health-related marijuana.

In addition to the have to have for extra growers, DMM discovered typical retail costs to be prohibitive to sufferers whose therapy program demands higher volumes of marijuana.

For instance, a patient acquiring 1 ounce per month – half the maximum permitted – would spend practically $six,000 out of pocket more than the course of a year.

By comparison, primarily based on current costs, 1 ounce per month would price an Oregon patient $two,820 and an Illinois patient $four,500.

To establish future levels of provide and demand, DMM assessed two patient-development scenarios:

  • Keeping present development prices – or status quo.
  • Growing development prices more than time by applying patient-driven suggestions from Gov. Phil Murphy’s so-called Executive Order No. six.

The governor’s order directed the overall health division to critique the state’s health-related marijuana program and create strategies to expand patient access to MMJ.

Beneath the order’s conservative status quo situation, by January 2022, New Jersey would have 127,000 sufferers – extra than 3 occasions the 40,000 sufferers in the system as of January 2019 – requiring 438,000 square feet of cultivation space and 15-25 extra cultivators (based on cultivation region).

Beneath the situation with expanded patient access, by 2022, New Jersey would have 197,000 sufferers requiring extra than 1 million square feet in cultivation space. At least 34-58 extra cultivators would be required to meet this level of demand.

Here’s what else you have to have to know about the circumstance:

  • Dispensary revenues in New Jersey practically doubled amongst 2017 and 2018, from $29 million to $53 million.
  • Despite the fact that six dispensaries at the moment are in the licensing procedure, the report determined the state will have to have even extra retail outlets to meet demand, specifically these providing nonsmokable goods.
  • The report does not address impacts to the health-related marijuana system if adult use is legalized in New Jersey.

Maggie Cowee can be reached at [email protected]

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