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Denver Cannabis and Tax Attorney Jennifer Benda on Yahoo Finance

April 5, 2021

Yahoo Finance

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New York’s legalization of recreational marijuana last week paves the way for its cannabis market to develop into the second largest in the nation, and it has two key advantages over its neighbor, New Jersey.

Still, in New Jersey, the tax for marijuana may end up being higher than 6.625%, because local governments can impose additional taxes on sales between businesses and on sales to consumers, according to Jennifer Benda, a tax attorney and certified CPA who specializes in cannabis regulation. READ MORE HERE