New Jersey Cannabis Sales

New Jersey’s cannabis market has shown steady expansion, with monthly sales reaching approximately $83.9 million in February 2026. Over the past year, the market has experienced moderate year-over-year growth, peaking at over $103 million in late summer 2025 before a seasonal dip. Despite some volatility, the market’s overall trajectory remains positive, with a 6.5% increase in total units sold year-over-year. Average item prices have stabilized around $31.27, reflecting a maturing market with less price compression than seen in more established states.

Pricing in New Jersey remains among the highest in the country, driven by limited competition and strong demand. While the market saw a -2.3% year-over-year decline in total sales dollars for February 2026, this is largely attributable to a high base from the previous year and a broader national slowdown. The state’s pricing power and consistent consumer demand continue to set it apart from more saturated markets.