new jersey medical marijuana
Ending Marijuana Prohibition

Marijuana Legalization Would Generate Over $300 Million Annually In New Jersey

new jersey medical marijuanaThere are currently four states that have legalized recreational marijuana. Those states are of course Colorado, Washington, Oregon, and Alaska. Washington D.C. has also legalized recreational marijuana. There are a handful of states that will be voting on recreational marijuana legalization in November. A recent study found that marijuana legalization in America could generate as much as 28 billion dollars annually. A follow up study found that New Jersey alone would generate over $300 million annually in tax revenue. Per NJ.Com:

New Jersey could reap $300 million a year in sales tax revenue by legalizing marijuana for recreational use, according to a new report by supporters of the effort.

The report by New Jersey United for Marijuana Reform and New Jersey Policy Perspective says a federal study shows about 365,900 people in New Jersey age 21 and over illegally use marijuana on a monthly basis, consuming 2.53 million ounces a year.

With the average price of cannabis on the street going for $343 an ounce, the underground marijuana market nets $869 million in sales. If pot was legalized, that marketplace would be worth $1.2 billion from consumers in New Jersey and surrounding states. A 25 percent sales tax on pot would bring in about $300 million year, the report concluded.

If New Jersey were to ever legalize recreational marijuana, it would have to wait until Chris Christie was no longer Governor. There are few people on the planet, if any, that despise marijuana as much as Chris Christie right now. New Jersey’s Governor has made it very clear that he will not support marijuana reform while he is in office, and even stated that if he were ever elected President that he would go after marijuana users, even in states that have voted to allow cannabis consumption.

  • Traci Ford

    We, here in NJ are counting the days until Chris “Chrispy Creme” Christie is no longer governor. I, personally, am doing what I can to make sure that whoever we elect is pro-marijuana legalization or NO FRAKKIN’ GO! #LegalizeMarijuana

    • myconaut

      Chrispie Creme is a disgrace. Glad I left NJ decades ago.

      • Sarijuana

        Me too, but no matter where you go, things can change. Now I’m stuck with Susana “pizza party” Martinez, longing for the days of Gary Johnson.

  • jason

    it will be more than $300 million…NJ..being so close to NY and PA…will have a flood of tourism come in as well..

    and since those states have relaxed decrim…for small amounts…it will be a field day for NJ…

    • saynotohypocrisy

      You’re right about people flocking from NY and PA. But if they’re thinking the price is going to be the same exorbitant price as the black market, they’re not taking into account that many people will keep buying from their friends in the black market and refuse to allow the government to benefit from ripping them off. 80 years of getting ripped off by the thug government is enough

    • Sarijuana

      I truly believe that there are way more than 370,000 people in NJ that consume cannabis monthly. That was a really low number. I’m from Jersey though I don’t live there anymore. When I go back to visit, everyone has weed. When I went back for my 40th reunion people were smoking in front of the Hilton like it was 420 in the park.

  • Jerry Bisbo

    Chris Christie, what a tool. Him and mitt Romney both living in denial of why they lost their bid for president. They just don’t get that their views on cannabis legalization is about as popular as a turd in the punch bowl. They need to get their asses out of the 1950s and take a reality check.

  • WEED WILL BE LEGAL

    im actually in the mmj program in nj for skeletal spasicity but look if u need togo a mmj doctor and your in NJ and havent tried going to DR Anzalone then please talk with him he was the only doctor that would talk with me about despite seeing other doctors that were on the list of marijuana doctors. My Uncle also recieved a card from him i forgot the reason why but he also met dr anzlaone. Made it easy for you (855) 768-3621 his number