NJ edges closer to legalizing recreational cannabis after breakthrough on taxing
New Jersey is poised to legalize adult-use marijuana within weeks, after Gov. Phil Murphy and state legislative leaders reportedly reached a tentative agreement on how to regulate and tax the program.
Murphy and state Senate President Steve Sweeney, both Democrats, had been deadlocked on a tax rate, with Murphy favoring a high retail sales rate.
The agreement reportedly calls for a sales tax based on weight or quantity, such as per ounce of marijuana sold.