Local municipalities will have the option of levying a 2 percent tax on weed sales for their own coffers, in addition to a 12 percent state tax on cannabis sales, under a long-awaited bill to make the drug legal for recreational use in the Garden State.
That and other components of the proposed bill—sponsored by Sen. Nicholas Scutari and Sen. President Stephen Sweeney—are all open for debate Monday in a joint meeting of the Senate and Assembly budget and appropriations committees in Trenton.
The bill lets local municipalities decide how many pot shops can operate within their borders—or ban them altogether. Some legislators, and Gov. Phil Murphy, say legalizing weed will bring millions of dollars to the state, but opponents say it will also cost, too—in traffic accidents, and the quality of life. [Read more at WNYC]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
Trends in Cannabis Legalization While employers in the transportation industry are acutely aware of the effects COVID-19 has imposed over the last 18 months, another phenomenon has been making itself known: the ever-increasing tally of states and localities across the country legalizing cannabis for medicinal and recreational purposes. A majority of states now have enacted…
CALLS by the leaders of two German police unions for politicians to U-Turn on the their progressive march towards cannabis legalisation have been roundly condemned. This comes as political talks continue towards the the formation of a cannabis-friendly ‘Traffic-Light Coalition’. It appears that it is just these talks – and the potential for adult-use legalisation…
New Jersey has licensed 14 new marijuana businesses, bringing a long-awaited expansion of the state’s medical marijuana program that exceeds original plans. The Cannabis Regulatory Commission on Friday announced the winners of a competitive and burdensome licensing process that began two years ago. Nearly 200 entrepreneurs applied for licenses to grow and sell medical marijuana,…
Dutchie is rolling in the green. The Bend, Ore.-based creators of technology to help facilitate legal cannabis orders has raised $350 million in a Series D funding round, announced Thursday. The influx of new cash comes just seven months after the startup raised $200 million. Dutchie’s valuation has doubled to $3.75 billion. “Cannabis presents opportunities…