FREEHOLD, NJ – One New Jersey Senator decided to skip his toke when it came to passing New Jersey’s marijuana bill this week and he said it’s because there’s nothing dank at all the cannabis bill crafted by state politicians.
“To be blunt, I had no choice but to vote no,” said O’Scanlon. “Over-taxation, over-regulation and over-complication. Trenton’s typical prescription to … just about every issue. This cannabis bill is a classic example. The public voted for a relatively simple policy – to legalize the recreational use of marijuana. The referendum included specific, tax-limiting language, which is critical to the success of the policy.
“Recreational legalization must have two main objectives: first to crush the illicit market, and second, to protect our medical cannabis patient community. Crushing the illicit market can only be achieved by keeping prices reasonable (which means keeping taxes to a minimum) and thus destroying cartel profits which fund crime and incentivize pushing illicit drugs on our children.” O’Scanlon continued.
“As we should have learned from other states, keeping the price of legal cannabis to no more than 20% above street price is essential to break the back of the illicit market. Taxes add costs that the illicit market doesn’t incur. The fact that the tax structure prescribes – unconstitutionally – an excise tax (which is prohibited under the referendum) that can amount to a 60% tax rate, is a recipe for the perpetuation of the illicit market.
“We failed our patient community by not immediately eliminating the tax on medical cannabis as retail facilities get certified to sell to the public. It is a gross injustice not to even provide a pilot medical cannabis home grow program. We all have repeatedly acknowledged that this is a medicine and that it is not cheap, yet we don’t provide this simple and cost effective solution to that problem. Furthermore, this legislation adds insult to injury that we left the same penalties in place for those caught trying to grow a number of plants that is in line with other states home grow programs. This is something that needs to be remedied immediately in a separate bill.
“Lastly, the bill fails to dedicate any tax revenue that is generated by the industry to categories that will benefit every New Jersey resident and reduce our structural deficit. All ships must rise on the same tide, and this legislation clearly does not do that.
“For all these reasons I had to vote ‘no’ today on this legislation,” O’Scanlon concluded.