Accountants say legalizing marijuana good for NJ's bottom linePosted by On

Should smoking weed be permitted in the Garden State?

In next month’s election, New Jersey voters will be asked on a ballot question if they think pot should be legalized for adult recreational use.

A new survey finds the majority of Certified Public Accountants think a cannabis industry would benefit the Garden State – financially speaking.

About 66% of CPAs in the New Jersey Society of Certified Public Accountants agree that having a commercial cannabis industry would help the state’s economy.

Melissa Dardani, leader of the NJCPA Cannabis Interest Group, said the survey also finds 68% of CPA’s either strongly agree or somewhat agree that New Jersey lawmakers should take steps to mitigate the impact of federal regulations on the cannabis industry, such as the inability to deduct business expenses.

She said if recreational pot moves forward in New Jersey, there are banking issues that would need to be addressed. She noted for businesses dealing in the sale of cannabis products,…

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