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NJ-CRC Seeks Public Input On How To Use Cannabis Tax Dollars

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NEW JERSEY: The New Jersey Cannabis Regulatory Commission (NJ-CRC) will be hosting three virtual meetings to listen to public suggestions for how funds raised from cannabis fees and fines should be used for social equity projects. Input collected at the meetings and in written submissions will inform the Commission’s recommendations to the governor and legislature.

The meetings will be held on Wednesday, March 2, Wednesday, March 9, and Wednesday, March 16 and chaired by Commissioners Krista Nash and Charles Barker.“Social equity is woven through every part of the recreational cannabis market in New Jersey, including ensuring revenue is used to bring economic development and social resources to our most challenged communities,” said Commissioner Nash.The CREAMM Act, which legalized recreational cannabis, requires that all the tax revenue, fees, and fines the NJ-CRC collects be deposited into the CREAMM Fund and for the New Jersey Legislature to appropriate investments in designated Impact Zones, and other things. Additionally, Social Equity Excise Fees collected from recreational cannabis cultivators are to be used for social equity investments. The public meetings and the recommendations are required in the law.

Though the meetings will be open to everyone, the commissioners will be seeking ideas specific to North Jersey on March 2, Central Jersey on March 9, and South Jersey on March 16.  The public can register to speak in person at one of the three meetings or submit a written comment on nj.gov/cannabis.