It is the purpose of this article to implement the provision
of the New Jersey Cannabis Regulatory, Enforcement Assistance, and
Marketplace Modernization Act codified at N.J.S.A. 24:6I-1 et seq., which authorizes the governing body of a municipality
to adopt an ordinance imposing a gross receipts tax at a uniform percentage
rate of 2% on the revenue of any cannabis cultivation and manufacturing
business located in the Township of Oldmans, which shall be in addition
to any other tax or fee imposed pursuant to state statute or local
ordinance or resolution by any governmental entity.
There is hereby established a cannabis transfer tax in the Township
of Oldmans, which shall be fixed at a uniform percentage rate of 2%
on the gross revenue generated from any cannabis cultivated and/or
manufactured by a cannabis business in the Township, and which shall
be in addition to any other tax or fee imposed pursuant to state statute
or local ordinance or resolution by any governmental entity. All entities
authorized to conduct a cannabis business within the Township of Oldmans
shall submit an annual financial statement and audit report to the
Township of Oldmans Tax Assessor within the first quarter of each
subsequent year of business.