Jump to content

Recommended Posts

Spend your Stimulus Check and have fun!! 


Bill That Could Loosen Cannabis Logjam Advances In New Jersey

CBS Philly

The legislation that advanced Friday addresses underage possession of alcohol and marijuana, which can only lawfully be used by those 21 and older.

Click to read the full story

Edited by Batsto
Link to post
Share on other sites
  • Batsto changed the title to Legal Weed is Coming!!!
14 minutes ago, smittty said:

Murphy will tax the hell out of it and guys that smoke it will be buying it at the same places that they are now. From street dealers 

Never really thought about that angle. You are probably right and street gangs will lower price of weed and other drugs to keep their revenue flow. 

Link to post
Share on other sites
1 minute ago, Woodsman416 said:

When I hear politicians promising legal dope to as a constitutional  necessity for the people the term  "comfortably numb" always pops into my mind.

They are real dealers! They are putting us the Merry Go Round to no where. 

Link to post
Share on other sites

Sales of recreational marijuana in New Jersey will be taxed under the general state sales rate of 6.625 percent.

In addition, New Jersey will levy a so-called excise fee. This fee (or tax) will kick in at a rate depending on retail prices in the preceding year. The levels are:

up to $10 per ounce if the average retail price of an ounce was $350 or more;

up to $30 per ounce if the average retail price of an ounce was less than $350 but at least $250;

up to $40 per ounce if the average retail price of an ounce was less than $250 but at least $200; and

up to $60 per ounce if the average retail price of an ounce was less than $200.

This structure is a first in the nation and is seemingly an attempt to allow the legal market to compete with illegal operators by charging a lower tax when prices are high

In other words, by the time marijuana is sold to a consumer, local taxes could be applied four different times—by one or more localities. 

https://taxfoundation.org/new-jersey-recreational-marijuana-legalization-gross-receipts-taxes/#:~:text=Sales of recreational marijuana in,sales rate of 6.625 percent.&text=In addition%2C New Jersey will,a so-called excise fee.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...