New Jersey Democrats have to settle some disagreements over taxation before the state can open its newly legal REC market. While about two-thirds of voters approved the ballot initiative, the state legislature still needs to pass a law governing the state’s industry.
Politico/Marijuana Moment
- The dust-up involves who can tax consumers, how much, and whether those policies are in line with the state constitution and the recently passed ballot initiative.
- There are also questions about how the state will spend pot taxes, especially whether they will be earmarked to benefit communities disproportionately harmed by the war on drugs.
- The Philadelphia Inquirer interviewed Dianna Houenou, who’ll chair the state’s regulatory commission. She was previously involved in an ACLU cannabis-reform effort.
- The mayor of Atlantic City is calling — almost certainly in vain — for the city to have the a three to five year monopoly on state REC sales.
New Jersey News 12 - Next door, where REC isn’t legal, Pennsylvania Lt. Gov. John Fetterman (D) told Rolling Stone, “We are leaving $5 billion over the next 20 years, of free money.”
