Business

New Jersey has a reputation as a high tax state. This month, something happened that should pare back that reputation some: The state eliminated its sales tax on medical marijuana.The tax was eliminated under the terms of 2019 state law that set in motion the phasing out of the state’s sales tax on medical marijuana. From its starting rate of 6.625 percent, the sales tax lowered to four percent on July 1, 2020 and then to two percent on July 1 of last year.

This article was written by Brandon Smith and originally published at Birch Gold Group

Countries with the Highest Default Risk in 2022

In May 2022, the South Asian nation of Sri Lanka defaulted on its debt for the first time. The country’s government was given a 30-day grace period to cover $78 million in unpaid interest, but ultimately failed to pay.

Not only does this impact Sri Lanka’s economic future, but it also raises an important question: which other countries are at risk of default?