Lawmakers wants 10 percent tax on legal pot, but that’s too low for Murphy, by POLITICO’s Sam Sutton and Katherine Landergan: New Jersey lawmakers wand to impose a 10-percent tax on recreational marijuana, one of the lowest rates in the nation but well below the 25 percent proposed by Gov. Phil Murphy, four sources who have reviewed current drafts of a legalization bill told POLITICO. Under the bill’s framework, the tax rate under consideration would be three-quarters of a percentage point less than the 10.75 percent rate in Massachusetts and less than a third the 37 percent tax rate levied in Washington state. “The bill has 10 percent. That makes zero sense to me,“ one senior administration official said. “All along, we’ve been talking to them about a tax rate in the 25 percent range … Pro-legalization advocates in the Legislature and administration agree that setting too high a tax would allow the state's black market to continue to thrive.”
Murphy balks at 10% marijuana tax rate
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