N.J. Set to Become Biggest East Coast State to Legalize Pot

New Jersey is poised to become the biggest state on the East Coast to legalize recreational marijuana.

After struggling to enact legislation to join the growing number of states that have fully lifted prohibition of the drug, lawmakers placed it directly on the Nov. 3 ballot. And it has widespread support: a recent poll found that two-thirds of likely voters are in favor of it.

The step would be a major boost to the marijuana business by making New Jersey the fourth most-populous state to legalize recreational use. It would also promise more than $100 million of new tax revenue ...