U.S.
Your NJ medical marijuana is about to get cheaper. Here's why.
U.S.

Your NJ medical marijuana is about to get cheaper. Here's why.

Published: June 29, 2020  |  2 min read, 372 words
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Asbury Park PressThe New Jersey sales tax on medical marijuana will be cut to 4% on July 1, down from 6.625%, the first step in a three-year plan to phase out state taxes on medicinal cannabis purchases.On July 1, 2021, the state sales tax will be reduced even more — to 2%. In 2022, it will be completely erased.That doesn't mean medical weed will be completely tax-free: Municipalities are still permitted to levy a 2% "transfer tax" on purchases within their borders, though no town has instituted such a tax yet.The sales tax phaseout was a which also legalized medical marijuana edibles,... READ MORE
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