Wed. Apr 14th, 2021

By Mike Catalini, The Associated Press

Trenton, NJ (AP) – A mist hangs New jerseyNecessary legislation delayed Thursday as recreational marijuana legalization efforts negotiated taxes.

Voters-led Assembly and Senate committees planned to consider legislation establishing the recreational marijuana market exactly one week after overwhelmingly approving recreational marijuana by overwhelming votes on voters.

An important vote was scheduled for Thursday, according to Paul, chairman of the Senate Budget Committee, but has been held as Assembly Speaker Craig Coughlin, Senate Speaker Steve Sweeney and Gov. Phil Murphy. Sirlo and John Burzchelli, Chairman of the Assembly Appropriations Committee.

The 216-page measurement lawmakers were thought to consider this page a set of technical descriptions and jargon. It was scheduled for a vote on the floors of both chambers for Monday, but lawmakers say it is still expected to be held. Nevertheless, the delay is expected to be worked on early next week.

Murphy and Coughlin have stated that they support the excise duty, which applies to specific goods or services and which consumers ultimately pay. Legislation that all three leaders agreed on last year but ultimately halted included a $ 42 per ounce tax. It is not clear whether this level is being reconsidered.

“If we get the tax formula wrong, only those who win will be the bad guys on the street.” This is because marijuana purchased outside the legal market can be significantly cheaper if the tax rate is too high.

Spokespersons from Coughlin and Sweeney said negotiations were continuing. A message seeking comment was also left with Murphy’s offices.

As the discussion continues, members of the legislative black caucus are insisting on a portion of any tax to be reinvested in their communities. They have been a motivating factor in legalization as black communities face the legal consequences of marijuana prohibition.

“Voters cast their votes,” said Assembly Speaker Shawond Sumer, the vice president of the caucus. “We need to enable legislation that allows money to go to restorative justice for all the gross, reckless inequalities of the war on drugs.”

She said that to use 70% of the proceeds for programs aimed at preventing violence and promoting mental health in families as well as black communities, she said – “for all that money is enough money Is not. “

Assemblyman Jamell Holley, a fellow Caucus member, said he felt that such a measure would be necessary to gain the governor’s support.

“The social justice component of legalization was the driving force,” he said. “I cannot imagine that the governor will sign legislation that does not show the level of relief for the affected communities.”

It is unclear how soon the market can get up and running, but the legalization measure says the commission will adopt regulations to transition to a recreational marijuana market in six months after the bill is signed into law. A month after that, the commission will start accepting and processing applications for licenses.

The legislation also serves the state’s Cannabis Regulatory Commission, which currently oversees the medical marijuana industry, with new market oversight and regulation. It establishes six classes of licensees: producers, processors, wholesalers, distributors, retailers and couriers.

Although excise tax still continues for graves, the ballot question calls for the state to apply 6.625% sales tax. This measure allows cities to levy up to 2% tax on various segments of the marijuana market where there are wholesalers or retailers. For example, the bill authorizes taxes of 2% of receipts from each sale by a processor and 1% of receipts from sales by a wholesaler. A tax of 2% of the receipts from each sale by the retailer is also authorized under the measure.

Although the state’s Attorney General Gurbir Grewal passed the question with the support of two-thirds of the voters, people said people cannot start using cannabis until the law establishes a market.

He also noted that the constitution amendment is not effective until the new year.

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