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48%

January 24, 2019

CPAs tend to be a pretty conservative group, so it’s worth noting that 48 percent of those surveyed by the New Jersey Society of Certified Public Accountants said that legalizing adult-use marijuana would help the economy. Some 22 percent said legalization would have no effect on the economy, while 20 percent said it would hurt it.

Not nearly as many CPAs were in favor of legalizing weed when economic considerations were taken out of the equation, with 51 percent supporting the idea and 48 percent opposed. Of the 559 respondents in favor, more than 40 percent wanted a 12 percent tax on the sale of cannabis; 32 percent supported a tax between 12 percent and 25 percent. Gov. Phil Murphy has called for a 25 percent tax; state Senate President Stephen Sweeney wants a 12 percent tax.

A total of 1,058 CPAs responded to the survey.

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