New Jersey could be moving toward a viable legalization bill. This week, local media sources received a copy of a new legalization measure that lawmakers think has a very good chance of passing. If the legislation is approved, New Jersey could soon implement some of the nation’s most progressive cannabis laws.
New Jersey’s New Legalization Bill
The foundation of the new bill is making it legal for adults 21 and older to purchase, possess, and consume small amounts of cannabis. Additionally, the bill explicitly calls for the creation of a robust commercial market.
This foundation is much like other states where weed is legal. But New Jersey’s newest bill also includes a number of features that could make legalization in the state relatively unique. Here are some highlights:
Low taxes: The new legalization bill calls for retail taxes around 10 percent. As pointed out by local news sources, this would be among the lowest in the nation. Previous iterations of a legalization bill called for taxes in the neighborhood of 15 to 25 percent. Retail dispensaries: In many adult-use states, there have been awkward periods where it’s legal to possess and consume weed, but nowhere to legally buy it. But New Jersey’s