How will legal pot work in New Jersey?

If New Jersey were to legalize marijuana, experts say the state's pot industry could generate more than $1 billion in total revenue per year. Scott Rudder, president of the New Jersey CannaBusiness Association, said that could be conservative.

Legal weed could put some $300 million in tax revenue into the state's coffers each year, based on an estimate done last year.

But that estimate is based on a 25 percent tax rate, which is what Scutari calls for in his bill.