New Jersey Voters Want Legal Marijuana And Favor Higher Taxes On Sales, New Poll Shows

New Jersey voters are strongly in favor of a referendum to legalize marijuana that’s on their ballots this November—and most support of setting a tax rate for cannabis that’s higher than the standard sales tax—according to a new survey. The poll, commissioned by Brach Eichler LLC, showed that 66 percent of likely voters back the legalization measure, which was placed before voters by the legislature. That’s about five percentage points higher than when residents were surveyed on the issue in April. Via Brach Eichler LLC. For the tax rate question, respondents were asked whether adult-use cannabis “should have a higher sales tax rate than other goods and services in New Jersey (currently 6.625%).” About 55 percent said marijuana should be taxed higher. Via Brach Eichler LLC. “Most people don’t favor higher taxes, but we believe this reflects both an awareness of the fiscal needs of the State, as well as an understanding that other states that have legalized cannabis have imposed taxes and surcharges of up to 25 percent,” Charles Gormally, cochair of the Cannabis Law Practice at the law firm Brach Eichler LLC, said in a press release. “Voters are also saying they want the revenue derived from this taxation to be earmarked for drug awareness and education,” he said, referring to another survey finding that 71 percent of voters said they would prefer revenue be used for those purposes. About 73 percent said that New Jersey should “ensure minorities have fair and equal access to the business opportunity.”…

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