New Jersey Gov. Phil Murphy

© Danielle Parhizkaran/NorthJersey.com

NJ governor, legislature work out agreement on legalized pot

March 12, 2019 - 6:54 am
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NEW YORK (1010 WINS) After a year of negotiations, New Jersey’s governor and legislative leaders have worked out an agreement on legalized marijuana and are planning on a vote on legislation legalizing the drug March 25.

Gov. Phil Murphy,  Senate President Steve Sweeney, Assembly Speaker Craig Coughlin, Senator Nicholas Scutari, and Assemblywoman Annette Quijano announced the deal in a press release Tuesday morning.

“The prohibition on marijuana has long been a failed policy,” said Senator Nicholas Scutari. “This plan will bring an end to the adverse effects our outdated drug laws have had on the residents of our state."

The legislation will impose a $42 per ounce excise tax on marijuana for adult use and munipalities that are home to manufacturers, cultivators, retailers, and wholesales will receive a percentage tax on the product.

Murphy talked about the potential for legalized pot in his budget address last week, saying, “It is also our chance to create an entirely new state-based industry, with the potential to create thousands of good paying jobs, expand opportunities for minority business owners, and jumpstart billions of dollars in new economic activity.”

Murphy also says he will only sign the bill if it expunges criminal records of New Jersey residents who have been arrested for prior marijuana offenses.

The bill is believed to be a few votes short of passing currently, but the governor is confident he will have the support when the vote is held.

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