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420 with CNW — New Poll Shows Voters Want Cannabis Taxes to Fund Housing, Education

Opinions among adults in New Jersey vary regarding how the state should utilize revenue from the marijuana tax. However, a recent study sheds light on the prevailing sentiment that most residents do not favor directing marijuana tax funds toward antidrug or law-enforcement initiatives.

The study, which was published in the “International Journal of Drug Policy,” polled 1,006 New Jersey residents and gave them seven alternatives for how marijuana tax revenue should be spent, including financing for law enforcement, affordable housing and public health.

The study’s findings, compiled by researchers from Drexel and Rutgers Universities, showed that financing for community-based programs such as education (23%), housing (15%), public health (21%) and transport infrastructure (13%), was preferred over funding for antidrug initiatives (4%) and law enforcement (11%). Findings showed that 13% of respondents did not know where the revenue should be directed.

According to the authors, these findings reflect a desire among the public to invest in essential societal pillars such as public health and education rather than continuing the punitive measures that have traditionally been linked to marijuana laws.

The results shed light on a discussion that has taken place in legislatures and political campaigns around the nation, with proponents of legalization typically opposing plans to utilize marijuana tax revenue to fund the organizations that upheld the harsh drug laws that the repeal of prohibition wants to remove.

The survey results also revealed partisan differences, with Republicans generally supporting funding priorities less than Democrats, especially when it comes to law enforcement. Notably, only one Black participant stated that funding law enforcement was a top priority when it came to cannabis tax revenue, highlighting concerns about the disproportionate impact of marijuana criminalization on Black communities.

The study concludes by stating that marijuana legalization initiatives can address social inequities by reinvesting tax revenue, though further exploration is needed on how this reinvestment can benefit disadvantaged communities and promote health equity.

The data from New Jersey indicates a preference for investing in education, drug treatment and public-health initiatives over law enforcement, reflecting a broader trend in public opinion. This sentiment underscores the potential benefits of formally allocating health- and justice-related funding to address health disparities and historical injustices stemming from punitive marijuana policies.

Similarly, in Ohio, the debate over tax revenue allocation has intensified, with cannabis activists opposing efforts by the Republican-controlled assembly to redirect funds toward law enforcement, contrary to voter-approved legalization measures.

The debates going on regarding how best to utilize the cannabis taxes that companies such as Tilray Brands Inc. (NASDAQ: TLRY) (TSX: TLRY) pay in the states where they operate show how a legal cannabis industry can exert a transformative role upon the jurisdictions that enact drug reform and end prohibition.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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