New Jersey Cannabis Is 60% Cheaper Than at Launch. Sales Tax Growth Fell to 2%.

Adult-use flower in New Jersey went from $16.27 a gram in May 2022 to $6.51 in June 2026. Sales and tax revenue are still up, but the growth came from selling more to existing customers across more stores. Sales tax growth fell from +42% to +2.1% in five quarters.

We break down prices, after-tax costs, volume, certified sales tax, supply and the CRC's shifting numbers, and what it takes to win the shoppers still buying from their local plug.

Full story, tables and sources: https://newyork420week.com

Reporting by Greg Silverstein for New York 420 Week.
Instagram: @newyork420week · @sourcatjack

CHAPTERS
0:00 Intro
0:31 The price curve
1:03 Shelf vs. register
1:26 Vision 2030
1:54 A crowded market
2:31 Volume made up the difference
3:04 The tax test
3:31 Quarterly sales tax
4:03 The 215% fee jump
4:31 More supply
5:00 The numbers keep moving
5:30 Where this goes
6:00 Bottom line

METHOD
Figures come from NJ Cannabis Regulatory Commission resolutions, public-meeting decks (Metrc) and Treasury-certified sales and tax tables; the statute is N.J.S.A. 54:47F-1. Calculations are ours. The view that net price and affordable, accessible quality drive customers' choices is New York 420 Week's analysis.