New Jersey Marijuana Tax Revenue 2024

What is the Tax Rate for Marijuana in New Jersey?

Here are the two types of taxes that retail marijuana businesses in New Jersey must collect.

Sales and Use Tax

• Sales Tax Rate: 6.625%

For Class 5 (Cannabis Retailer) and Class 6 (Cannabis Delivery) license holders, it is mandatory to collect and remit Sales Tax on all retail sales of recreational cannabis.

Social Equity Excise Fee (SEEF)

• 2024 SEEF Rate: $1.24 per ounce of cannabis.
• 2023 SEEF Rate: $1.52 per ounce of cannabis.

Class 1 (Cannabis Cultivator) license holders are required to pay the SEEF on each usable ounce of recreational cannabis sold.

Source: New Jersey Division of Taxation