A plan for 108 new medical marijuana businesses statewide—with applications available July 1 and due by Aug. 15—also includes a 2% local tax on medical cannabis sales as an enticement for municipalities to help cover any local costs and host a facility.
As the state’s rapidly growing medical marijuana program approaches 50,000 patients statewide, the New Jersey Department of Health announced requests for 108 new medical marijuana facilities beginning July 1, opening the possibility for a new stream of local tax revenue for New Jersey towns who see an opportunity in allowing a medical cannabis facility.
Once the applications for new medical cannabis facilities are available online from the New Jersey Department of Health, the state plans to host a webinar July 16 for potential applicants, officials said.
However, a New Jersey State League of Municipalities representative said depending on final negotiations—and input from the governor’s office—that 108 number for new medical cannabis facilities may or may not be reduced.