The sales tax on medical marijuana will drop to 4% from its current 6.625% on July 1, part of a phased elimination of the levy that was embodied in the 2019 redo of the state’s medical cannabis system called the Jake Honig Compassionate Use Medical Cannabis Act.
Under the measure, billed as a sweeping reform New Jersey’s Medicinal Marijuana Program to expand patient access to medical marijuana, the rate will drop to 2% as of July 1, 2021, and then to zero as of July 2022.