Date Proposed for Legalization/ 12% Tax
– Oct 29 is the day the NJ Legislature could pass a bill legalizing marijuana clearing the path for the governor to sign. Some parts of this bill detail plans for medical and recreational marijuana – if you are a betting person, bet that the recreational side will be fraught with hang-ups and overly complex rules that will make it far from the change many are looking to find. However S-2702, could allow those 21 and older to legally posses and use marijuana (one ounce or less). It is unclear if liquid or edible marijuana is going to be addressed in this bill, same goes for growing your own.