No Let-Up on Marijuana for Governor Who Projects Millions in Revenues, Taxes

Governor Murphy is pushing ahead on marijuana legalization but has offered big promises and few details in his first budget speech.

The governor is calling for full legalization in New Jersey by January 1, 2019 but, with several competing bills stuck in the Legislature and multiple listening sessions scheduled for the coming months, Murphy’s plan seems optimistic.

In his first official budget address yesterday, the governor announced projected state revenues of $80 million from marijuana sales and taxation — $60 million from recreational use and $20 million from medical sales. The proposed tax rate would be 25 percent plus an additional 7 percent sales tax, bringing the total tax on recreational marijuana to 32 percent.

Click here for the full article »

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue
Help us moderate this thread by flagging comments that violate our guidelines

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Load comments