[Added 5-8-2025 by Ord. No. 2025-11]
Pursuant to the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (P.L. 2021, c. 16)[1] and N.J.S.A. 40:48I-1a(1), the Township establishes a local cannabis tax of 2% on sales realized by cannabis cultivators (Class I licensees) and cannabis manufacturers (Class II licensees), and 1% for cannabis wholesalers (Class III). The tax percentage is based on the receipts for each sale and is paid directly to the municipality in the manner prescribed by the municipality in § 29-2. The following user and transfer taxes are hereby established on all Cannabis Establishments operating in the Township, at the maximum amount as permitted by the laws of the State of New Jersey or the amounts set forth below, whichever is greater:
[1]
Editor's Note: See N.J.S.A. 24:6I-31 et seq.