New Jersey really needs to rethink its legal weed tax

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A while back, I wrote that New Jersey’s proposed tax on marijuana sales — at $42 an ounce — was too high and I predicted that would result in people buying cheaper black-market pot. People wrote to me to say I was nuts because consumers would want the better quality pot that was being sold by legally sanctioned distributors. Well, New Jersey has delayed pot sales. But Canada, where recreational marijuana has been legalized, is confirming that what I suggested about the weed business is true.

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