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How Does New Jersey’s Cannabis Tax Stack Up?

How Does New Jersey’s Cannabis Tax Stack Up?

Author: Daniel T. McKillopDate: October 7, 2021

When states legalize cannabis, taxation is often one of the most hotly contested topics. To date, 18 states and Washington, D.C. have legalized recreational cannabis for adult use, while medical marijuana is legal in 37. Because each state has its own regulations, taxation schemes vary significantly.

Cannabis can be taxed at several different points of the production and distribution process. It can also be taxed at both the state and local level. Should the federal government decide to legalize cannabis, the tax scheme will also likely change to include federal taxes.

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