According to Democrat New Jersey Governor Phil Murphy, legalizing marijuana could be the ticket to fixing the state’s economy.
Speaking on the Jim Kerr Rock & Roll Morning Show Tuesday, Murphy said that marijuana legalization “an incredibly smart thing to do.”
“We’re not inventing marijuana,” he said. “It exists.”
“We still need federal cash assistance direct into the state,” Murphy said. “That’s something that I hope that Congress will get to, sooner than later, that the president will sign. That’s another big slug that we need. We’ll look at revenues that we can potentially raise on our own.”
“Listen, as you probably know, I’ve been on that from day one,” Murphy said when one host suggested taxing cannabis sales.
It was in June that the state Assembly voted to pass a bill that would decriminalization possession of up to two ounces of weed, but the Senate has not yet voted on it.
“It’s a job creator. It’s a tax revenue raiser,” Murphy said of legal marijuana. “It checks a lot of boxes. I hope we’ll get there sooner than later.”
NJ.com reported that according to a recent poll, roughly six in 10 voters are for legalization. A 2016 report from the New Jersey Policy Perspective estimated that legalizing marijuana could bring in more than $300 million annually to the state in tax revenues.