New Jersey looks set to be the next state to legalize marijuana. It’s on the ballot come Election Day on November 3, the polls are looking good, and while it’s not the only state with marijuana legalization on the ballot, the others—Arizona, Montana, and South Dakota—are all out West, and the Garden State should beat them by a few hours.
The New Jersey legalization initiative, Public Question 1, would amend the state constitution to legalize the recreational use of marijuana and its cultivation, processing, and retail sale by a person who is at least 21 years old. It also designates the existing Cannabis Regulatory Commission (CRC), which currently handles medical marijuana, to regulate all legal marijuana commerce. Retail marijuana sales would be subject to the state sales tax of 6.625 percent, but any other state sales taxes would be prohibited. The initiative authorizes the legislature to let local governments add a 2 percent local sales tax.
It also leaves it up to the…
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