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And now the bad news
Medical cannabis in NJ is still the most expensive in the nation, between $450-$500 for an ounce of the good stuff. And lacking provisions for home cultivation, you can go to jail for 5 years for growing your own weed in New Jersey.
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.
Charles X Gormally, a New Jersey attorney and co-chair of the Brach Eichler cannabis group, has been closely following cannabis legislation in the state. His law practice, Brach Eichler, has a cannabis group with numerous attorneys who assist in cannabis-related legal matters.