Pursuant to Section 40 of the New Jersey Cannabis Regulatory,
Enforcement and Marketplace Modernization Act (CREAMMA), a 2% municipal
transfer tax shall be imposed on the lawful sale of cannabis by any
Class V licensed retail and Class VI licensed delivery license holder.
The cannabis municipal tax shall be in addition to any other
tax or fee imposed pursuant to statute or local ordinance or resolution
by any governmental entity upon the lawful purchase of cannabis. Any
transaction for which the transfer or user tax is imposed, or could
be imposed, pursuant to this section, other than those which generate
receipts from retail sales by cannabis retailers, shall be exempt
from the tax imposed under the Sales and Use Tax Act, P.L. 1966, c.
30 (N.J.S.A. 54:32B-1 et seq.).