NJ marijuana legalization: Home grow, 400 weed dispensaries in bill = Mike Davis, App.com:
March 13, 2018 - "New Jersey could become home to hundreds of legal marijuana dispensaries and users would be allowed to grow legal weed at home under new marijuana legalization legislation introduced Tuesday.
"The bill, proposed by Assemblyman Reed Gusciora, D-Mercer, calls for a much more open market than first envisioned by proponents, with some 400 marijuana dispensaries and a lower tax rate on legal weed. The Senate and Assembly are expected to try and find common ground between Gusciora's bill and the one proposed by Sen. Nick Scutari, D-Union, which took a more conservative approach....
"Gov. Phil Murphy, as a candidate for the office he has held since January, made marijuana legalization a priority, citing social justice concerns. In his budget address Tuesday, Murphy said he was committed to passing a legal weed bill this year....
"Gusciora's legislation ... calls for as many as 400 retail marijuana dispensaries, 10 in each of New Jersey's 40 legislative districts, with a minimum of two dispensaries in each. There would be a limit of 11 dispensaries per legislative district, including one medical marijuana facility....
"Gusciora's bill starts at [a] 7 percent tax rate for the first two years, before rising to 10 percent in the third and fourth years. It caps the marijuana tax rate at 15 percent beginning in the fifth year.... During the first two years a marijuana business is in operation, 1 percent of tax revenue will go back to the local municipality. The town's share of tax revenue increases to 2 percent in the third and fourth years, and 3 percent in the fifth year and beyond....
"Gusciora's bill allows New Jerseyans to grow up to six marijuana plants at home, but only three of those will be allowed to flower – when the drug is ready to be harvested – at the same time. Any municipality can pass its own ordinance outlawing home-grow operations."
Read more: https://www.app.com/story/news/local/public-safety/2018/03/13/new-jersey-marijuana-legalization-weed-dispensaries-home-grow-2018/420023002/
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March 13, 2018 - "New Jersey could become home to hundreds of legal marijuana dispensaries and users would be allowed to grow legal weed at home under new marijuana legalization legislation introduced Tuesday.
"The bill, proposed by Assemblyman Reed Gusciora, D-Mercer, calls for a much more open market than first envisioned by proponents, with some 400 marijuana dispensaries and a lower tax rate on legal weed. The Senate and Assembly are expected to try and find common ground between Gusciora's bill and the one proposed by Sen. Nick Scutari, D-Union, which took a more conservative approach....
"Gov. Phil Murphy, as a candidate for the office he has held since January, made marijuana legalization a priority, citing social justice concerns. In his budget address Tuesday, Murphy said he was committed to passing a legal weed bill this year....
"Gusciora's legislation ... calls for as many as 400 retail marijuana dispensaries, 10 in each of New Jersey's 40 legislative districts, with a minimum of two dispensaries in each. There would be a limit of 11 dispensaries per legislative district, including one medical marijuana facility....
"Gusciora's bill starts at [a] 7 percent tax rate for the first two years, before rising to 10 percent in the third and fourth years. It caps the marijuana tax rate at 15 percent beginning in the fifth year.... During the first two years a marijuana business is in operation, 1 percent of tax revenue will go back to the local municipality. The town's share of tax revenue increases to 2 percent in the third and fourth years, and 3 percent in the fifth year and beyond....
"Gusciora's bill allows New Jerseyans to grow up to six marijuana plants at home, but only three of those will be allowed to flower – when the drug is ready to be harvested – at the same time. Any municipality can pass its own ordinance outlawing home-grow operations."
Read more: https://www.app.com/story/news/local/public-safety/2018/03/13/new-jersey-marijuana-legalization-weed-dispensaries-home-grow-2018/420023002/
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