Because the Garden State currently piggybacks on a specific section of the federal tax code, smaller operators may struggle to thrive in New Jersey's eventual legal marijuana market, according to a statewide group of accountants.
As the size of the largest generation increases significantly on the national level, but drops in the Garden State, a just-released survey looks at what can be done to keep millennials within New Jersey's borders.
In a survey from the New Jersey Society of CPAs, 53 percent said the drug should be legalized for recreational use — a move Governor-elect Phil Murphy said he'd make within 100 days of taking office in January.
New Jersey's credit rating has been lowered four notches since 2011. That matters to businesses deciding whether to spend in the state, says a CPAs group.