NEW JERSEY WANTS ITS REC, BUT EXPECT DELAYS

New Jersey Democrats have to settle some disagreements over taxation before the state can open its newly legal REC market. While about two-thirds of voters approved the ballot initiative, the state legislature still needs to pass a law governing the state’s industry.
Politico/Marijuana Moment

• The dust-up involves who can tax consumers, how much, and whether those policies are in line with the state constitution and the recently passed ballot initiative.
• There are also questions about how the state will spend pot taxes, especially whether they will be earmarked to benefit communities disproportionately harmed by the war on drugs.
• The Philadelphia Inquirer interviewed Dianna Houenou, who’ll chair the state’s regulatory commission. She was previously involved in an ACLU cannabis-reform effort.
• The mayor of Atlantic City is calling — almost certainly in vain — for the city to have the a three to five year monopoly on state REC sales.
  New Jersey News 12
• Next door, where REC isn’t legal, Pennsylvania Lt. Gov. John Fetterman (D) told Rolling Stone, “We are leaving $5 billion over the next 20 years, of free money.”