New Jersey cannabis supporters received good news this week: adult-use legalization passed another hurdle.
Sen. Nicholas Scutari, author of Senate Bill 2703, said on Feb. 15 that legislative leaders and Gov. Phil Murphy agreed to impose a $42 per ounce tax rate on recreational marijuana. Senate President Steve Sweeney had wanted a 12% levy while Murphy supported a 25% rate.
“We’re closer than we’ve ever been before,” Scutari stated. “However, if I thought we were all done, I’d be the first person calling a press conference.
This was a major topic of discussion at Accelerate Cannabis four days later on February 19 at the New Jersey Performing Arts Center (NJPAC) in Newark. About 150 business people, officials, activists, lawyers and service providers gathered to share ideas about legalized pot in the Garden State. Speakers on a series of panels discussed a wide range of topics from dealing with municipalities to developing new products.
The tax issue had become a