New Jersey: Marijuana Tax Handbook
New Jersey Marijuana Tax Rate
|Sales Tax Medical||Excise Tax Medical||Max Medical Tax||Sales Tax Recreational||Excise Tax Recreational||Max Recreational Tax|
2023 New Jersey Marijuana Tax Handbook
New Jersey patients are required to pay a 2% sales tax on every purchase of medical marijuana. There is no additional excise tax on medical marijuana in New Jersey.
New Jersey consumers are required to pay a 6.625% sales tax on every purchase of marijuana for personal use. There is no additional cannabis excise tax on marijuana for personal use in New Jersey.
About New Jersey Marijuana Tax
2% on sales until June 30, 2022 and zero (0) percent on or after 7/1/22
What is the most recent revenue statistic for New Jersey?
All tax revenues shall be placed in a fund with 15% going to an account for underage deterrence and prevention. At least 70% of the remaining revenue will be apportioned for investments in impact zones or areas that have been disproportionately affected by marijuana-related arrests.
Is the New Jersey Marijuana Tax Weight-Based or Percentage-of-price-Based?
New Jersey's marijuana program uses a Percentage-of-price tax system. This means that the tax charged is calculated using the retail price of the Marijuana at the time of purchase.
Does New Jersey have a Controlled Substances Tax?
New Jersey does not have a Controlled Substances tax involving Marijuana.
How do New Jersey's marijuana taxes compare to the states around it?
Note: It is illegal to transport marijuana accross state lines.
For more information about New Jersey Marijuana Taxes, visit the New Jersey Marijuana Tax page.
Towns can assess an additional 2% tax on recreational marijuana sales.