It is the purpose of this article to implement the provisions
of P.L. 2021, c. 16, which authorizes the governing body of a municipality
to adopt an ordinance imposing a tax at a uniform percentage rate
not to exceed 2% of the receipts from each sale by a cannabis cultivator;
2% of the receipts from each sale by a cannabis manufacturer; 1% of
the receipts from each sale by a cannabis wholesaler; and 2% of the
receipts from each sale by a cannabis retailer, 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 cannabis
establishment.
Unless otherwise defined herein, as used herein, the City adopts
by reference the terms and definitions established by Section 40 of
Public Law 2021-16 (N.J.S.A. 24:6I-33).
The cannabis transfer 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 property or cannabis establishment.