New Jersey Lowers Medical Cannabis Sales Tax

Cannabis Business Times
Jul 16, 2020, 10:46 am320 pts
The New Jersey Treasury Division of Taxation recently announced that, effective July 1, sales tax on medical marijuana is reduced to 4% from the previous 6.625% sales tax rate (the rate imposed under the state’s “Sales and Use Tax Act”). The tax reduction is the first of three scheduled tax…

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