skip to Main Content
Can Legalizing Marijuana Help to Save Atlantic City?

In 1976, New Jersey citizens voted to give Atlantic City the sole authority to operate casinos, a decision that saved the famed but fading seaside resort from collapse.

Now 40 years later, a state Assemblyman wants the public to decide whether Atlantic City — once again in economic peril — ought to be the only community in the state where the sale and consumption of marijuana is permitted.

State Assemblyman Reed Gusciora (D-Mercer) said a bill he plans to introduce Thursday would place a question on the ballot that asks voters to permit the commercial cultivation, sale and consumption of marijuana by adults 21 and older within city limits.

The Attorney General’s Office would regulate AC’s pot market like it oversees the gaming industry, according to the bill. Half of the proceeds from the 20 percent sales tax would go to the city’s coffers; 30 percent would fund road projects; and 10 percent each pay for women’s health programs and drug enforcement efforts.

Although he is a supporter of legalizing and decriminalizing pot, Gusciora said the chief aim of this bill is to generate cash for Atlantic City, which has seen half of its tax ratable base evaporate with the closing of four casinos. [Read more at NJ.com]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Who will dispense medical marijuana in Alabama and what will they need to know?

The qualifications of the dispensers who will manage the sales of medical marijuana products in Alabama are still to be determined for the state’s new industry. In some states, pharmacists…

San Diego could get more cannabis dispensaries, as proposed rule changes get key OK

A council committee voted to soften the district cap and close a loophole that shields dispensaries from scrutiny SAN DIEGO — San Diego officials are proposing new cannabis regulations that would allow…

Inside California’s pot legalization failures: Corporate influence, ignored warnings

SACRAMENTO — Architects of the effort to legalize pot in California made big promises to voters. But six years later, California’s legal weed industry is in disarray with flawed policies, legal loopholes…

Arkansas Supreme Court rules for recreational marijuana to be voted on in November

FAYETTEVILLE, Ark. (KNWA/KFTA) — The Arkansas Supreme Court ruled on September 22 that a recreational marijuana amendment will be voted on in the general election in November. The Court ruled…

More Categories

Back To Top
×Close search
Search