No More Sales Tax on New Jersey Medicinal Cannabis Purchases

New Jersey residents enrolled in the state’s medicinal cannabis program won’t have to pay sales tax on products bought at permitted dispensaries.

• The latest tax relief measure, which took effect on July 1, is part of a 2019 law signed by Gov. Phil Murphy (D) that provided residents with a three-phase elimination of the sales tax on cannabis and related products purchased at the permitted facilities.
• “As the sales tax has been phased out from 4% to 2% and now to 0% patients have been able to spend less on their medicine, further ensuring patients are prioritized ...