[Adopted 3-15-2022 by Ord. No. 22-2044]
It is the purpose of this article to implement the provisions
of The Jake Honig Compassionate Use Medical Cannabis Act (CUMCA),
P.L. 2009, c. 307 (approved January 18, 2010), amended by P.L. 2019,
c. 153 (approved July 2, 2019), 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 transfer tax at a uniform percentage rate not
to exceed 2% on the purchase price of any medical cannabis dispensed
by a medical cannabis dispensary located in the Township, which 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
dispensary.
All terms herein shall be defined as set forth in Section 3
of CUMCA, N.J.S.A. 24:6I-1 et seq.
A medical cannabis transfer tax in the Borough shall be fixed
at a uniform percentage rate of 2% on all sales or transfers of cannabis
products from a medical cannabis dispensary, pursuant to N.J.S.A.
24:6I-10(i) of the CUMCA. The medical cannabis transfer tax shall
be in addition to any other tax or fee imposed pursuant to statute,
state and federal or local ordinance or resolution by any government
entity upon a medical cannabis dispensary. The transfer tax shall
be paid to the Borough no later than February 1 of each year with
a report certified as true and accurate by the authorized individual
within the dispensary showing the gross revenues for the medical cannabis
dispensary for each month of the preceding year. A copy of this article
shall be transmitted to the State Treasurer and to every medical cannabis
dispensary within the Borough.
Collection procedures as provided for in § 374-10 of this chapter shall also be applicable to the medical transfer tax in accordance with the terms of CUMCA.
Remittance procedures and delinquency policies as provided for in § 374-11 of this chapter shall also be applicable to the medical transfer tax in accordance with the terms of CUMCA.
