If these Northeast states legalize adult-use marijuana, they could generate billions of dollars in sales
New Jersey’s lead is slipping
In New Jersey, Senate and Assembly panels approved identical legislation in December and sent the bills to the full Legislature for a vote.
Gov. Phil Murphy, a Democrat who expanded the state’s medical marijuana industry in his first year in office, wants to legalize recreational MJ. That has attracted the attention of cannabis entrepreneurs interested in expanding into the Garden State market.
But progress stalled toward the end of 2018 – particularly over the cannabis sales tax rate, which was set at 12% in the bill.