New Jersey: Marijuana Tax Handbook

New Jersey:

New Jersey Marijuana Tax Rate

Sales Tax Medical Excise Tax Medical Max Medical Tax Sales Tax Recreational Excise Tax Recreational Max Recreational Tax
2.00% N/A 2.00% 6.63% N/A 6.63%

2024 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?

New York

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.

Extra Resources

Towns can assess an additional 2% tax on recreational marijuana sales.

** This Document Provided By SalesTaxHandbook **