New Jersey has seen significant developments across various sectors in recent weeks. Here's a summary of key events:

The state's cannabis market has surpassed $1 billion in sales, marking a significant milestone since recreational cannabis was legalized[1][5]. Additionally, new dispensaries have opened across the state, from Atlantic City to Princeton, Elizabeth, and Somerset[5].

In government and politics, Governor Phil Murphy has appointed Senator-elect Andy Kim to the United States Senate following the resignation of Senator George Helmy[2]. Furthermore, the Murphy administration has released a preliminary draft of the State Development and Redevelopment Plan, aiming to update New Jersey's State Plan for the first time since 2001[2].

On the business front, the New Jersey Economic Development Authority (NJEDA) Board has approved over $17 million in funding for the Local Property Acquisition Grant Program to support 12 revitalization projects across the state[2]. Moreover, the Upper Freehold Township's planning board has approved a controversial warehouse proposal despite opposition from residents who fear it will cause flooding and impact historical sites[1][5].

In environmental news, New Jersey declared a statewide drought warning in November due to low precipitation and high temperatures, with the Department of Environmental Protection working to preserve the state's water supply[3].

Looking Ahead:
- The interplay between New Jersey and the incoming Trump administration will be a key focus in the new year, particularly in terms of where New Jersey Democrats will compromise and where they will fight[5].
- The impact of the approved warehouse project in Upper Freehold Township will be closely monitored, with residents and the mayor planning to fight the development[1][5].
- The state's ongoing efforts to address the drought and its long-term environmental implications will continue to be a critical issue[3].