When it comes to devising the tax rate for adult-use marijuana, the New Jersey Legislature can take one of three approaches:
1. Establish a set rate. The bill that appears headed to introduction currently calls for a 10 percent tax plus up to an additional 2 percent for municipalities.
2. A graduated rate. Language in previous draft legislation called for an initial 10 percent rate that rose 5 percent a year until reaching 25 percent in year 4.
3. The opposite approach. Start with a 25 percent rate and lower it to 10 percent by year four.
With a bill tentatively scheduled for a vote on Oct. 29, the tax rate appears to be one of the key issues still being negotiated.