New Jersey S4148 sets a maximum THC potency of 60% for cannabis items and imposes an excise tax on moderate and high potency cannabis items.

New Jersey S4148 establishes a maximum THC potency of 60% for cannabis items and imposes an excise tax on moderate and high potency cannabis items. The bill requires cannabis items to list their THC potency on labels and mandates that no cannabis item exceeds 60% THC. It also imposes a tax of $1 per serving on moderate THC cannabis items (15-40% potency) and $5 per serving on high THC cannabis items (over 40% potency). The tax revenue will be deposited into the Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Fund.

New Jersey S4148 sets a maximum THC potency of 60% for cannabis items and imposes an excise tax on moderate and high potency cannabis items.

New Jersey S4148 establishes a maximum THC potency of 60% for cannabis items and imposes an excise tax on moderate and high potency cannabis items. The bill requires cannabis items to list their THC potency on labels and mandates that no cannabis item exceeds 60% THC. It also imposes a tax of $1 per serving on moderate THC cannabis items (15-40% potency) and $5 per serving on high THC cannabis items (over 40% potency). The tax revenue will be deposited into the Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Fund.