N.J. moves forward on recreational pot, but expert says tax bounty may be limited
New Jersey officials expect sports betting to bring in $13 million this fiscal year. Legalizing recreational marijuana could mean $300 million a year. And that eventuality moved closer to reality Monday as New Jersey Senate President Steve Sweeney said he’s oping lawmakers will act by the end of summer on such a bill.
Sweeney and Assembly Speaker Craig Coughlin are working to coordinate bills for expanding the state’s medical marijuana program, as well as legalizing recreational use for adults.