New Jersey: Home of low taxes
The biggest change in the ballot measure concerns the tax structure — or lack thereof.
While legislators have called for levying legal weed taxes anywhere from 12% to 25% or placing a flat $42 per ounce rate, the ballot resolution specifically states that legal weed sales would only be subject to the New Jersey state sales tax.
That 6.625% tax rate would be the lowest marijuana tax in the United States, which Scutari said would help push customers away from the black market and into legal marijuana dispensaries.
"One of the things we can try to do to combat and eviscerate the black market is to have the lowest possible tax rate," Scutari said in an interview. "It'll take a long time to get rid of the black market, but this will help get it done."