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The $8 Billion Question: Which Towns Will Cash In on Marijuana?
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It s been five months since New Jersey voters approved a recreational marijuana market for adults by a two to one margin.
And while the move did clear a path for a law signed by Gov. Phil Murphy that sets up parameters for the state s legal marketplace, there s no real clue as to when selling will actually commence in the Garden State.
As of now, it s uncertain whether New Jersey will even begin with sales before neighboring New York, which legalized recreational pot in late March.
Rob Mejia, an adjunct professor of cannabis studies at Stockton University in Galloway, said a realistic timeline for New Jersey is another 12 months. New York can t launch its market until at least April 2022.
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Early in the pandemic, Gov. Murphy got a lot less attention than New York Gov. Andrew Cuomo, even as the states went through the same crisis. While Murphy’s approval rating shot up at home, he didn’t get the kind of national attention that Cuomo has.
How legal weed can transform tourism in NJ
There s much more to a legal market for recreational marijuana than just selling in shops.
The law signed by Gov. Phil Murphy in late February opens the door to many opportunities for folks in the tourism and hospitality industry, or those interested in joining the field, according to experts who ve been experimenting with cannabis-related events and specialties in other states. Contrary to popular belief, it s not just a random stoner that wants to jump in and experience this, said Cintia Morales, co-founder of Higher Ed Hemp Tours, located in Texas.
Morales made her comments as a panelist during a webinar about recreational marijuana s potential impact on resort destinations and the tourism industry, sponsored by the Greater Atlantic City Chamber of Commerce and the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University.
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