Beginning January 1, 2025, the New Jersey Social Equity Excise Fee (SEEF) is $2.50 per ounce of cannabis, which is due on each usable ounce of recreational cannabis sold by a Class 1 (Cannabis Cultivator) license holder. In 2024, the SEEF was $1.24 per ounce of cannabis.
Class 1 license holders must file a monthly tax return, the SF-100, to report the total ounces sold or transferred and to pay the NJ Social Equity Excise Fee (SEEF). The monthly Form SF-100 and fee payment are due by 11:59 p.m. on the 20th day of the month after the end of the filing period, and must be filed even if no sales or transfers of usable cannabis occur.
Year | SEEF Rate per ounce of cannabis |
---|---|
2025 | $ 2.50 |
2024 | $ 1.24 |
2023 | $ 1.52 |
2022 | $ 1.10 |
To learn more about other cannabis taxes and fees in New Jersey, check out Cannabis Taxes in New Jersey or visit our Cannabis Playlist on our YouTube channel.
Alloy Silverstein’s Ren Cicalese III discusses the cannabis taxes and fees in New Jersey that every cannabis business owner should be aware of.
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