New markets mean new opportunities. One of the newest recreational marijuana markets is New Jersey, which is gearing up for legal adult-use pot sales as we speak.
In this video clip from Motley Fool Live, recorded on March 12, longtime Fool contributor Eric Volkman runs down the five companies active in this potentially very lucrative market in a discussion with healthcare and cannabis bureau chief Corinne Cardina.
Corinne Cardina: Let’s talk about some of the multi-state operators (MSOs) that could benefit from some of these new markets. Anything come to mind specifically?
Eric Volkman: Specifically, yeah. If you look at New Jersey, it has gotten the ball rolling, although that’s going to take some time. The governor said they’ve established, what do you call it? It’s a Cannabis Regulatory Commission, which is the official state body for matters cannabis.
They just finished — sorry the governor, Phil Murphy — just completed his appointments for the Commission. He’s saying now that in order to get an actual recreational market up and running, it’s going to take anywhere from six to nine months, which sounds like a lot.
But then again, you have Virginia, where you have