Max Davidson over at The Daily Chronic filed a good article on a new marijuana legalization bill was introduced in New Jersey's legislature.
Senate Bill 1896, filed by Senator Nicholas Scutari, would "legalize cannabis in New Jersey and to create a taxed and regulated system like Colorado."
In pertinent part, the bill would establish the following:
Scutari’s bill calls for the legalization of possession of up an ounce of marijuana, transfer of up to an ounce between adults for no financial gain and the cultivation of up to 6 plants (only 3 mature). The bill also allows for retail stores to be setup and for the formation of a division of Alcoholic Beverages and Marijuana Control.
Senate Bill 1896 also calls for a tax to be established on marijuana. This tax will be divided up in to 3 main sections:
· 70% of all monies collected going to a Transportation Trust Fund Account and that money will be used fix the state road infrastructure. Scutari has coined this as “pot for pot-holes” tax.
· 20% of the tax money collected would go to a “Drug Enforcement and Demand Reduction Fund”
· Finally the last 10% of the tax money collected shall go to 43 programs addressing women’s health, family planning, postpartum depression awareness, smoking cessation, and HIV-awareness.