Home Cannabis Industry Over 75% of NJ Residents Support Using Cannabis Revenue For Tax Relief

Over 75% of NJ Residents Support Using Cannabis Revenue For Tax Relief

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A recent poll conducted by the Eagleton Institute at Rutgers University showed that most New Jersey residents are very unhappy with the state’s tax rates. Survey respondents were given a number of proposals for consideration for tax relief and their opinion of each. By far, the most popular choice by residents is legalizing and using cannabis revenue for tax relief.

“It is not surprising that residents are upset about what they pay in taxes, given that New Jersey is one of the highest-taxed states in the country,” said Dr. Ashley Koning, assistant research professor and director of the Eagleton Center for Public Interest Polling (ECPIP) at Rutgers University-New Brunswick.

Cannabis Revenue for Taxes

Three-quarters either “strongly” (60 percent) or “somewhat” (16 percent) support taxing the sale of recreational marijuana if it were to be made legal. At the time this poll was conducted, 53 percent favored legalizing recreational marijuana in general.

As recently as this week, both Senate President Steve Sweeney and Governor Murphy continue to show support for legalization in New Jersey. Adult-use cannabis is expected to be a topic in today’s budget address. Cannabis revenue from taxes would solve many issues in the state.

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