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NJ Cannabis Commission sets social equity fee at $2.50 per ounce after amendment
Summary
After debate about market impact and legal risk, the New Jersey Cannabis Regulatory Commission voted to set the social equity excise fee at $2.50 per ounce applied to both usable and unusable cannabis for 2025 and reinstated a November 1 rule deadline so Treasury can implement collections.
The New Jersey Cannabis Regulatory Commission on its final 2024 meeting amended a pending motion and voted to set the social equity excise fee at $2.50 per ounce for both usable and unusable cannabis for calendar year 2025, and reinstated the November 1 regulatory deadline to allow the Department of Treasury time to set up collections.
Director Gregory Reyes told the board the statewide average retail price is…
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