NJ marijuana legalization: What will NJ get from legal weed taxes?
The Office of Legislative Services, a nonpartisan Statehouse bureau that assists with crafting and studying legislation, estimates that New Jersey would bring in a little over $210 million in state taxes from nearly $1.8 billion in annual marijuana sales according to its fiscal impact study of the legal weed bill.
That estimate was derived from comparing New Jersey and Colorado populations in 2017, as well as Colorado marijuana sales that year. It represents less than 1 percent of the nearly $38 million state budget,