By TAPINTO STAFF Published July 7, 2022 at 8:45 PM
TRENTON, NJ — Residents of New Jersey enrolled in the state's Medicinal Cannabis Program will now not have to pay any sales tax on cannabis and cannabis products bought at a permitted medicinal dispensary.
The sales tax was eliminated in three steps, under the Jake Honig Compassionate Use Medicinal Act signed by Gov. Phil Murphy in 2019.
The tax was eliminated as of July 1, 2022. It was 4% between July 1, 2020 and June 30, 2021, and then it was lowered to 2% between July 1, 2021 and June 30, 2022.
“Removing state sales tax on medicinal cannabis is consistent with Governor Murphy and the Legislature’s intent to prioritize patients and improve affordability,” Jeff Brown, executive director of the New Jersey Cannabis Regulatory Commission said. “As the sales tax has been phased out from 4% to 2% and now to 0% patients have been able to spend less on their medicine, further ensuring patients are prioritized over recreational consumers.”
“The effort to legalize marijuana in New Jersey was founded on two basic tenets: to provide medicinal relief to those suffering from a wide range of ailments and social equity,” Shaya Brodchandel, President of the New Jersey Cannabis Trade Association (NJCTA) said. “The elimination of this tax as it pertains to our patients is a critical step in the right direction.” “We must also continue to work within the industry, and alongside regulators, to make sure anyone who needs access to medicinal cannabis has it," Brodchandel, who is also CEO of Harmony Dispensary, added.
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