N.J. Admin. Code § 17:30-3.5
Current through Register Vol. 56, No. 21, November 4, 2024
Section 17:30-3.5 - Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Fund(a) Pursuant to the Act, all fees and penalties collected by the Commission, all tax revenues of retail sales of cannabis items, all tax revenues collected pursuant to the provisions of the Jake Honig Compassionate Use Medical Cannabis Act, P.L. 2009, c. 307(N.J.S.A. 24:6I-1 et seq.), and all revenues collected for the Social Equity Excise Fee shall be deposited in a special non-lapsing fund, which shall be known as the Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Fund (the Fund), with 15 percent of the monies deposited placed into an account within the Fund to be known as the Underage Deterrence and Prevention Account.(b) Monies in the Fund shall be appropriated in accordance with N.J.S.A. 24:6I-50.N.J. Admin. Code § 17:30-3.5
Adopted by 53 N.J.R. 1583(a), effective 8/19/2021Amended by 55 N.J.R. 402(a), effective 3/6/2023