New Jersey: Lawmakers Approve Measures Implementing Adult-Use Marijuana Legalization
Senate Bill 21 and Assembly Bill 21 establish regulatory guidelines for the marijuana market. Under the bills, adults may legally purchase and possess up to one ounce of cannabis. The measures cap the number of commercial cultivators permitted under the law at 37 for the first two years. The measures direct 70 percent of the revenue derived from sales taxes on retail marijuana purchases toward reinvestment in designated communities that have been most adversely impacted by prohibition.