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[6] [7] The New York Times reported in February, 2019 that the settling of the tax rate question "could place the state [of New Jersey] on a path to legalizing recreational marijuana this year". [8] On March 18, both chambers advanced the bill for a floor vote. [9] The prospects of this bill in New Jersey are said to be "a litmus test" for New ...
A report by New Jersey United for Marijuana Reform and New Jersey Policy Perspective, issued in 2016, concluded that if New Jersey legalized marijuana, it could generate about $300 million annually in sales tax revenue for the state. (The report assumed a sales tax of 25% and annual in-state marijuana sales of $1.2 billion.) [9]
Under current law, medical marijuana patients are allowed to access up to three ounces of marijuana from state-approved and regulated dispensaries every 30 days. [9] Prior to the passage of the Jake Honig Compassionate Use Medical Cannabis Act, medical marijuana was legal in New Jersey under the Medicinal Marijuana Program (MMP).
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Colorado legalized pot in 2012, and in 2021 the state raked in more than $400 million in tax revenue — with that money going to public schools, health care, and substance abuse prevention and ...
Was the Department of Health Division of Medical Marijuana and Integrative Therapy until October 1, 2020; [6] medical cannabis only – there is no regulatory agency for other use. [a] Puerto Rico Medical Cannabis Regulatory Board (a division of the Puerto Rico Department of Health). The Board was created in 2017 under the MEDICINAL Act of 2017 ...
Marijuana has come a long way from its status as an illicit substance to now being recognized for its medical and recreational purposes in many states. Nine states have fully legalized it, and more...
Senate Majority Leader Chuck Schumer (D-NY) proposed the Cannabis Administration and Opportunity Act that would, in addition to legalizing cannabis, implement a federal excise tax on marijuana starting at 10 percent and rising to 25 percent by the fifth year, which would be in addition to the state and local taxes and additional taxes and ...