Many states have already taken into account the benefits of the legalization of marijuana. The New York Times has reported that governor Philip D. Murphy and Democratic leaders have come to a position that could legalize marijuana in the state of New Jersey. They’re attempting to win enough votes in the legislator to make the bill a reality. They understand how the passing of the bill could benefit many people that are using it for medicinal purposes, but the recreational users are the focus of the new bill. In fact, recreational users have been able to put the bill forth for taxation.
The bill will establish how cannabis will be taxed and set laws that will regulate how cannabis is sold and used. Governor Murphy says: this marks a significant step forward. In fact, the recreational marijuana users market in New Jersey is set to reach $50 billion dollars. The bill will mimic recent marijuana laws that have been passed in New York City. The state legislation is controlled by Democrats and will be placed on a progressive agenda to move forward. The bill to legalize marijuana could also help move the minimum wage to $15, but lawmakers are divided on the issue Some majority leaders that have been lead by Ronald L. Rice, A Newark state senator, are wary of passing the bill because of the impact it may have on low-income and minority communities. In fact, Republicans in both chambers oppose legalization.
Unfortunately, not all the votes are lined up to pass the bill. Nicolas Scutari, a state New Jersey senator has been a lead architect of the bill to legalize cannabis. The bill will make remarkable strides in the industry and will help the state of New Jersey make considerable profits for the state of New Jersey. They could generate a revenue of over $1.7 million dollars for the state of New Jersey with the passing of the cannabis bill.
The proposal was brought forth in a speech that was delivered in the Senate. Some legislators also believe the passing of the bill would decriminalize marijuana and improve the court system. The bill is also expected to address the proper age for the use of marijuana and the cost that could generate a $42 tax an ounce in New Jersey. The data will be analyzed carefully before any laws are passed on the bill. The goal is to eliminate speculation and fear and put laws on cannabis that will help the state along with improving the benefits for medicinal and recreational users.