Official Site of The State of New Jersey
Learn about the history of the New Jersey cannabis market prior to the start of the NJ-CRC, shared from the perspective of executive director Jeff Brown.
Episode Notes: Fiscal numbers discussed in this episode may have been updated. To review the most up-to-date statistical information, visit www.nj.gov/cannabis/resources/reports-stats-info. For information on the Medicinal Cannabis Program, visit www.nj.gov/cannabis/medicinalcannabis.
Previous Blog Posts
Growth, Equity, and Impact: NJ-CRC 2024 Year in Review
01/7/2025
As we begin 2025, the New Jersey Cannabis Regulatory Commission (NJ-CRC) is proud to reflect on 2024, a year marked by growth, equity and impact. From expanding public outreach to increasing access of information to continuing to emphasize our safe-use messaging, we’ve taken significant steps to ensure the state’s cannabis market remains equitable, transparent, and thriving. 2024 brought pivotal changes in leadership, new initiatives that strengthen community and industry ties, and a continued focus on compliance and enforcement. Join us as we take a look back at the milestones that defined the past year and share our vision for what’s ahead in New Jersey’s cannabis industry.
What Could 2% Do For Your Municipality?
11/14/2024
As New Jersey’s cannabis industry continues to expand, municipalities have the unique opportunity to shape how cannabis businesses operate within their communities – and how their towns can benefit from the resulting additional tax revenue. Under the Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (CREAMMA), municipalities have the choice to “opt in” to allowing cannabis businesses in their jurisdiction and taxing those businesses up to 2% on sales. The legislation allows municipalities to tap into potential economic benefits while retaining control over how and which cannabis businesses operate in their communities.
Social Equity Excise Fee (SEEF)
10/28/2024
The Social Equity Excise Fee (SEEF) is a mandatory fee imposed by the NJ-CRC on cannabis cultivators, established under N.J.S.A. 17:30-3.4 of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (CREAMMA) and in accordance with N.J.S.A. 54:47F-1. The SEEF is collected from cannabis cultivators in New Jersey, based on the quantity of cannabis produced. The rate of the fee was initially set at $1.10 per ounce of cannabis and was adjusted to $1.52 per ounce in 2023. Currently, it stands at $1.24 per ounce.
