New Jersey Tax Division Implements SEEF on Recreational Cannabis Sales

The New Jersey Division of Taxation has announced the implementation of the Social Equity Excise Fee (SEEF) on recreational cannabis sales in the state. Beginning Jan. 1, Class 1 (Cannabis Cultivator) license holders will be required to pay a fee of $2.50 per ounce of usable recreational cannabis sold and must file a monthly tax return (Form SF-100) by the 20th day of the following month to report total ounces sold or transferred and remit the appropriate fee, while medicinal cannabis transfers remain exempt from this requirement. [N.J. Div. of Tax’n, Social Equity Excise Fee (SEEF), 01/30/26]

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