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Phil Murphy sees legalized marijuana as a moneymaker for New Jersey, with early estimates saying the state could make around $300 million from taxing weed.
A new poll has found that most New Jersey residents agree with the governor in thinking that legal marijuana would boost the state’s economy. The majority of residents also said they favor legalization.
A Monmouth University poll released Thursday found that 60 percent of New Jersey residents think that legalizing marijuana would make money for the state, while just 16 percent said they believe it would hurt the economy. Twenty percent said legalization would have no impact.
“The strongest argument for marijuana legalization may be the bandwagon effect,” said Monmouth University pollster Patrick Murray. “With many other states doing it, most New Jerseyans seem to view such a move as a potential economic boon with a limited downside.”
Colorado made $1.5 billion in marijuana revenue last year, up from nearly $684 million in 2014, the