New Jersey lawmakers include 'social equity' tax in marijuana legalization bill

Both versions of a New Jersey bill legalizing marijuana legalization would include a “social equity” tax to address the disparate effect of anti-marijuana laws on communities of color.

Both the state Senate and Assembly’s measures would authorize the Cannabis Regulatory Commission to impose a “social equity excise fee,” with the revenues going to programs that work to offset drug law-related disparities.

“We’ve spelled out the communities that we look for this money to be invested in,” Senate President Stephen Sweeney (D) said Monday in a roundtable discussion, according to Trenton-area radio station 1010 WINS. “I think we made our intentions very clear in the Senate.”

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Source : The Hill

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