New Jersey Imposes Excise Tax on Wholesale Sales of Intoxicating Hemp Beverages

The New Jersey Governor signed a law creating a new regulatory scheme for the sale of certain hemp products. The law includes imposing an excise tax of $3.75 per gallon on the wholesale sale of intoxicating hemp beverages, effective April 13. The law generally took effect Jan. 13. [A. 4509, enacted 01/12/26)

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.