The state of New Jersey has moved to legalize marijuana for recreational use. The measure passed with a projected 67% approval.
New Jersey’s move to legalize cannabis comes after Governor Phil Murphy failed to pass the measure in state legislature. New Jersey CannaBusiness Association President Scott Rudder has been pushing for the measure for some time. He projects that legalizing the drug will greatly improve the state’s economy.
“Instead of spending this money, let’s create more money,” Rudder said.
“And instead of arresting people, let’s create jobs.”
Early projects forecast a $1.9 billion jump in sales and $126 in sales tax revenue. This is much needed revenue as the state recovers from the COVID-19 pandemic financial downturn.
New Jersey will now join states like Massachusetts and Maine as the only 11 areas to have legalized marijuana.