Consumption Lounges Will Help Catapult New Jersey Cannabis Market
NJ Cannabis Consumption Lounges are coming
The East Coast cannabis industry is heating up. New Jersey is projected to hit $2 billion in sales by 2027. The addition of licensed consumption lounges is poised to help bolster the market. The New Jersey Cannabis Regulatory Commission recently approved a set of rules for the much-anticipated consumption spaces.
The CRC stated lounges could be indoors or outdoors but must be enclosed, the use of alcohol and tobacco is prohibited, and while food sales are not allowed, guests can bring their own or have food delivered. After a 60-day public comment period, the rules can be ratified, and the application process can begin, opening the floodgates for medical and adult-use expansion.
Atlantic City hopes to have the first cannabis consumption lounge in New Jersey, with local officials hoping to boost tourism in the “Vegas of the East.”
“We’re witnessing the unfolding of an industry,” said Susan Dupej, a cannabis hospitality and tourism researcher, said in a recent webinar, calling the lounges a “differentiator” for Atlantic City.
Discover all the ways the Garden State is set to benefit from legal cannabis at Lucky Leaf Expo Edison. The two-day business-to-business conference and trade show will feature a dynamic mix of educational panels, engaging exhibits, and networking opportunities with the best and brightest the cannabis industry has to offer.
New Jersey Cannabis Trends
The cannabis industry in New Jersey is about to get even more exciting with the addition of consumption lounges. As the state legalizes the recreational use of cannabis, businesses are eager to take advantage of the new market opportunities, and there are some exciting new trends emerging.
One of the biggest trends is the rise of boutique dispensaries. These smaller, more intimate shops offer a personalized shopping experience and a curated selection of high-quality cannabis products. Many of these dispensaries also have a strong focus on sustainability and locally-sourced products, which appeals to consumers who are environmentally-conscious and community-minded.
Another trend that’s emerging is the popularity of cannabis-infused food and beverages. With the addition of consumption lounges, businesses are able to create a social atmosphere where customers can enjoy cannabis in a variety of ways. From cannabis-infused cocktails to gourmet edibles, there’s a wide range of options available for those looking to indulge in a unique and enjoyable cannabis experience.
In addition to food and beverage options, consumption lounges also offer a variety of activities and entertainment. Some lounges host live music events, art shows, or even yoga classes. This creates a vibrant and dynamic atmosphere that attracts a diverse crowd of cannabis enthusiasts.
The addition of consumption lounges is a game-changer for the New Jersey cannabis market. Not only does it provide a safe and regulated environment for cannabis consumption, but it also opens up new opportunities for businesses to create unique and memorable experiences for their customers.
However, with the addition of new consumption lounges, there is also a need for responsible consumption practices. It’s important for businesses to ensure that customers are using cannabis responsibly and safely. This includes educating customers on proper dosing and consumption methods, as well as providing resources for those who may need assistance.
Overall, the future of the New Jersey cannabis market looks bright, with new trends and opportunities emerging every day. From boutique dispensaries to cannabis-infused food and beverages to exciting new consumption lounges, there’s something for everyone in this exciting and rapidly-growing industry. So, whether you’re a seasoned cannabis enthusiast or a newcomer to the scene, the New Jersey cannabis market is the place to be.
