The cannabis industry is a rapidly changing field with endless opportunities. New Jersey is positioning itself as a hub of innovation. 

With nearby major cities such as New York City and Philadelphia, and with the history of innovators such as Edison and the legacy of Bell Labs hailing from the state, New Jersey is a prime location for innovators, game changers and disruptors to jump into the cannabis industry.

As the market becomes more competitive, it is likely that prices will continue to drop, but it is important to ensure that this does not come at the expense of quality and fair profits for farmers and retailers.

This tremendous growth of the cannabis industry comes despite immense obstacles stemming from the plant’s legal status, social stigma around marijuana usage, and other difficulties such as the licensing process and few options for financiers.